A point is a percentage of the loan amount, or 1-point = 1% of the loan, so one point on a $100,000 loan is $1,000. Points are costs that need to be paid to a lender to get mortgage financing under specified terms. Discount points are fees used to lower the interest rate on a mortgage loan by paying some of this interest up-front. Lenders may refer to costs in terms of basic points in hundredths of a percent, 100 basis points = 1 point, or 1% of the loan amount.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 1892543
P O Box 292901
Nashville, TN 37229
Phone: (615) 782-1410
Onyx Mortgage Group strives to ensure that its services are accessible to people with disabilities. Onyx Mortgage Group has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Onyx Mortgage Group makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows OMGofNashville.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
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Onyx Mortgage Group continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Onyx Mortgage Group website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
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