How does loan amount impact loan points charged?

[Alejandro F.]

Hello All!

I'm looking for some insight into how a change in the loan amount impacts the loan point %. I am in the process of doing a cash out refi on an investment property. In the process of refinancing and after the rate was locked, the loan points increased .81% between the original estimate and the latest estimate. Here are events that have occurred during this refinance:

• Original estimate was based on a loan amount of $101k. The final loan amount went down to $78k.
• Rate lock extended from 30 to 50 days.
• Credit score did not change
• LTV of 75% did not change

Would any of these events trigger an increase in the loan points charged?