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discount points

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The Hidden Cost Of Mortgage Points When Refinancing

April 15, 2008

Points are one of the most misunderstood aspects of mortgage loans.
In the simplest definition mortgage points are a percentage of your loan amount due at closing for one of two possible reasons.
Here are the basics you need to know about mortgage points and how you can decide if paying them is [...]

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Mortgage Points – What You Need to Know

November 28, 2007

If you are in the process of purchasing your home or refinancing your existing mortgage you will most likely encounter the term “points.” What are points and is it ever in your best interest to fork over additional cash at closing? Here are the basics you need to understand about mortgage points and [...]

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Mortgage Points

August 29, 2007

Points on a mortgage loan can be one of the most confusing aspects of financing your home. The process of taking out a mortgage is intimidating enough…throw in unfamiliar jargon and fees and you’ve got a recipe for financial nightmares. Points on a mortgage loan come in two flavors and depending on the [...]

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Point Mortgage Help: Should You Pay Discount Points?

January 16, 2007

What is a “Point” and should you consider paying points for your new mortgage loan? Points come in two varieties; however, for both types, one point is one percent of your loan amount. Suppose you were borrowing $200,000 with your mortgage loan, one point in this case would be $2,000. [...]

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