Should we pay points on refinance?

Answer On One Hand: Secure a Lower Interest RateEach point that you pay will usually reduce the interest rate on your refinance by about 0.25 percent, which can result in significant savings over the life... Read More »

Top Q&A For: Should we pay points on refinance

What are refinance points?

Lenders often charge refinance points as part of the closing costs when you refinance your mortgage.PurposeRefinance points are paid to lower the interest rate on your refinanced loan.CostEach poin... Read More »

Are mortgage refinance points tax deductible?

On One Hand: Only If You ItemizeIf you choose to itemize your tax deductions, you can write off the cost of discount points on your mortgage refinance over the life of the loan. Record the deductio... Read More »

I keep losing points when asking a question, who do I talk to. My points should be over 230 yet it says 218 ?

Since you lose 5 points every time you ask a question you need to make sure you are answering more questions.Or you could just answer questions till you build up your points and then start asking q... Read More »

Should I Refinance in a Bad Economy?

Home to the legendary Goodman Theatre and a major proving ground for musicals en route to Broadway, Chicago is a great launching pad for those seeking a career in the performing arts. The Windy Cit... Read More »