What are points? Community Bank of San Joaquin

Home

Answers to Popular Lending Questions

WHAT ARE POINTS?
Points represent a fee you may pay a lender to lower the interest rate on your loan at closing. Each point is equal to one percent of the principal value of the loan, for example, two points on a $100,000 mortgage would cost $2,000. This amount is a separate fee, sometimes called a "loan origination fee" and is not the same as or part of the interest rate.

<< Back Next >>

footer

Community Bank of San Joaquin
22 West Yokuts Avenue
Stockton, CA 95207-5715
[map]

General: 209-956-7000
Telephone Banking: 800-779-2138

Lost or stolen Visa® Check Card, call
(209) 956-7000 Monday-Friday 9am-5pm or
1-800-754-4128 after hours.

Office Hours:
Administration, Branch, Loans and Full-Service Drive-Up
Monday-Thursday 9am-5pm
Friday 9am-6pm
Saturday 9am-1pm
And By Appointment

Member FDIC

Equal Housing Lender

This web site designed and maintained by Internet Frontiers Web Development.