what determine discount point paid % at closing

Hi sokey,

Discount points are fees which are paid to a lender at the time of closing to lower the mortgage interest rate. You should note that the cost of each point is equal to 1% of the loan amount. It will depend upon you and the lender as to how many discount points you can pay at the closing.

Thanks

Your discount point or points should be something you've discussed with your lender well before the closing. It should not be something that surprises you at that time.