How should points affect the way you shop for a mortgage?

Answer Mortgage points come in two forms: origination points and discount points. These two are completely different. Origination points are often called "the cost of doing business" and are usually non-n... Read More »

Top Q&A For: How should points affect the way you shop for a...

How do you mortgage shop?

I am a licensed mortgage banker in 46 states. Do not go to lending tree!!!! All that company does is SELL your information to brokers - repeatedly. You will get all sorts of phone calls from tha... Read More »

How to Transfer Wii Points to a Wii to Use on the Wii Shop Channel?

Nintendo's Wii video game console allows you to go online and purchase items off the Wii Shop Channel. These items include WiiWare titles and Virtual Console games from classic video game systems, ... Read More »

What exactly does it mean to"buy down points"on a mortgage?

A point is a fee paid in order to obtain a mortgage for a home. The term "buying down" points refers to paying more money up front in order to bring down the interest rate and monthly payments. In ... Read More »

What does it mean to add points to your mortgage?

Adding points to your mortgage means paying a sum of money to your lender or mortgage broker in order to lower the interest rate of the loan. One point is generally equal to 1 percent of the total ... Read More »