As mentioned earlier here, we have been in the real estate and mortgage arena for over forty years. In the next few days we are going to give some definitions of some industry terms you may or may not know. Today we are going to discuss a POINT. A point is 1 per cent of the amount of the loan. There is also what's known as a point letter. A point letter is a letter from a lender which guarantees the number of points on a loan for a given time.