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 mortgage point in this case would be $2,000. The two types of [...]
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My name is Robert Regehr and I’m a personal finance blogger with a chip on my shoulder for banks and mortgage brokers that take advantage of my friends and neighbors.
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