What are discount points or points?
A. They are a fee paid by the bank to the government for guaranteeing the loan against default.
B. They are a fee paid by the lender to the seller to help reduce closing costs.
C. They are a fee paid by the borrower to the lender to reduce the interest rate on the loan
D. They are a fee paid by the seller to the borrower to cover the down payment on the home.
