mopowers
Contributing Member
Cash: $ 9.25
Posts: 41
Joined: 03 Apr 2008
Location: CA |
Thanks a lot coaster. I hadn't thought about it like that.
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Tue Oct 19, 2010 1:29 pm |
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moonraker1
Full Member
Cash: $ 16.00
Posts: 79
Joined: 21 Aug 2010
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Thanks for sharing the info coaster. i didnt have any clue about points.
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Tue Oct 19, 2010 6:17 pm |
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jenikabourne
New Member
Cash: $ 0.80
Posts: 4
Joined: 01 Nov 2010
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Points come in two varieties: there are discount points you pay to your lender and origination points you pay to the mortgage broker arranging your loan. Regardless of the type of point, one point is always equal to one percent of your mortgage amount,Origination points are used to pay for the costs of obtaining the loan in the first place. They are much less popular than discount points, as they do not provide borrowers with any valuable benefits and are not tax deductible. Borrowers are therefore better off trying to get a loan that does not require them to acquire these kinds of points.
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Mon Nov 01, 2010 12:13 pm |
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zaynahblaze
New Member
Cash: $ 0.80
Posts: 4
Joined: 11 Nov 2010
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One thing is always equal to a percentage of your mortgage amount, origination points in the first place to get credit costs are paid. Discount fewer points than they are popular with borrowers because they do not provide any significant benefit and is not tax deductible. Borrowers are better than a loan because they need to get these types of points is not.
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Thu Nov 11, 2010 9:36 am |
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