A point means the sharpest end or tapered end of any item, object, weapon, and so on. It may also mean a punctuation mark, dot, or even a full-stop. It may also refer to drawing attention to something through pointing at it, i.e. showing/extending the finger or any other object in the hand. It also means emphasizing, highlighting or indicating something through actions or words.
Point means the following:
1. The end of any object or item.
2. Drawing attention to something.
3. Emphasizing any particular item, person, or aspect.
4. The main or essential concept in any discussion or task.
5. The aspect which differentiates something/someone.
6. Any specific detail.
7. The purpose/end-objective.
8. A geometric element with no dimensions.
9. Any specific zone, locality, or place.
10. The time/duration just before/after something.
11. A step, degree, or stage.
12. A fixed position within a scale.
13. Unit used for academic credits.
14. Unit used in loans and mortgages.
15. Scores/marks.
16. Percentage of profits.
17. Percentage of any number or a measure of the changes for any number. They may mean the rate of interest on a mortgage as per the prime lending rate or the total fees linked to the mortgage (in terms of size).
18. They may also indicate the change percentage in terms of bond returns or price movements for stocks.
Points have several uses in real estate. Mortgage points are the fees that are payable to the lender by the borrower for reducing the rate of interest. Every point may reduce the interest rate by a specific percentage. This may also mean the interest rate on any loan/mortgage in relation to the prime lending rate. They could also be translated as service charges on loans, where each point is equal to a specific percentage of the total loan. This should be paid whenever any home is bought and is an immediate fee, which enhances the borrowing cost.
