Mortgage Origination and Discount Points: Understanding the Basics
What Are Mortgage Points? A mortgage point is a percentage-based fee paid at closing. Each point is equivalent to 1 percent of your total loan amount. For example, on a…
What Are Mortgage Points? A mortgage point is a percentage-based fee paid at closing. Each point is equivalent to 1 percent of your total loan amount. For example, on a…
Homeowners who want to shave off dollars from their monthly mortgage payment, as well as save money on interest, might consider a mortgage recast. This strategy won’t help you pay off your…
What is the Rule of 72? The Rule of 72 is a mathematical principle that estimates the time it will take for an investment to double in value. The mention…