How do I manage points on a mortgage loan?

Answer Analyze the purchase of a discount point on a loan by calculating the break-even point. A point is a fee paid to purchase a lower interest rate. It is only worth it to the borrower to purchase the ... Read More »

Top Q&A For: How do I manage points on a mortgage loan

How do I evaluate points for a mortgage loan?

Mortgage points refer to a closing cost that borrowers have the option to pay when the loan is taken out. The more points that are paid, the lower the interest rate on the loan.ConsiderationsEach p... Read More »

Is it better to get a shorter loan mortgage term or prepay on a longer loan?

On One Hand: Short Tem Mortgages Tie Your Hands.A short term mortgage forces you to spend more money on your house payment than you would under a longer term loan. This means that there is less mon... Read More »

Is it Better to Get a Shorter Loan Mortgage Term or Pre-Pay on a Longer Loan?

There are many benefits to listed job descriptions. It makes it easier to fill the position and gives employees a clear description of what they would do on a day to day basis if hired. However, th... Read More »

Can I Get a Mortgage Loan Plus a Loan to Fix the House?

When you purchase a fixer-upper, you will need to have money to buy the home and cover costs of improvements. Many lenders will ask you to take two separate loans, a mortgage and a home equity loan... Read More »