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Ask JadziaDax The really hard questions!
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07-02-2003, 04:36 PM
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JadziaDax
Loser
Location: who the fuck cares?
Fremen: "Points", also called loan discount points, are a prepaid interest used to buy a lower interest rate. Each point is equal to one percent of the total loan amount. (For example, one point on a $100,000 mortgage is $1000, or 1%)
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