The presidentâs executive action was the latest in a series of administration moves imposing new requirements on companies that contract with the U.S. government. It will give about 300,000 employees of federal contractors the chance to earn up to seven days of paid sick leave each year.Some workers who already have sick-leave benefits will have access to additional sick days.t will give about 300,000 employees of federal contractors the chance to earn up to seven days of paid sick leave each year. Some workers who already have sick-leave benefits will have access to additional sick days.
Discount points are a type of prepaid interest or fees mortgage borrowers can purchase that lowers the amount of interest they have to pay on subsequent payments. Each discount point generally costs 1% of the total loan amount and depending on the borrower, each point lowers the loan's interest rate by one-eighth to one one-quarter of a percent. Discount points are tax deductible only for the year in which they were paid. BREAKING DOWN 'Discount Points' Discount points are also known as mortgage points. They are a one-time, upfront mortgage closing cost which five a mortgage borrower access to discounted mortgage rates as compared to the market.
Mortgage lenders lend directly from their own funds, so they are different from brokers who make money acting as intermediaries between borrowers and lenders.Lenders may use depositorâs funds or they may borrow money from larger banks at a preferred interest rate to fund loans.They make money from both the loan itself and from fees during the loan process. discount point is a portion of the loan amount charged upfront at closing and used to buy down the interest rate of the mortgage. Lenders may take a smaller YSP on a lower interest rate and make up the difference by charging points.