mortgage discount. The difference between the mortgage principal and the amount the mortgage actually sells for; the up-front charge by a lender at a real-estate closing for the costs of financing. ? Although usu. paid by the buyer, the discount is sometimes paid by the seller when required by law, as with a VA mortgage. ¡ª Also termed point; mortgage point; loan-brokerage fee; new-loan fee.
How do bilingual lawyers in China usually translate the term MORTGAGE DISCOUNT?
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