Struggling with real estate math? In this video, we break down exactly what discount points are and how to calculate them so you can ace your real estate licensing exam!
Discount points are a guaranteed math question on almost every state exam. We will walk through step-by-step examples, formulas, and the common trick questions the exam will try to throw at you (like calculating points based on the LOAN amount, not the purchase price!). 📈 What you’ll learn in this video: - What is a discount point? - The golden rule: 1 Point = 1% of the Loan Amount. - How to calculate the cost of discount points. - How points change a lender's yield (the 1/8 percent rule). - Step-by-step practice problems. Grab a calculator and scratch paper, and let's get you passed! If this video helped you, please give it a 👍 THUMBS UP, leave a comment, and SUBSCRIBE for more real estate exam prep tips!