What are refinance points?

Answer 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 »

Top Q&A For: What are refinance points

Should we pay points on refinance?

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 »

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 »

The Advantages of VA Refinance Vs. Conventional Refinance?

A Veterans Administration (VA) loan has different rules and regulations than a conventional loan. These rules are similar for purchases and refinances.

What does the green points or red points mean on Wikipedia?

They represent the net number bytes of text added (green) or removed (red) in that edit. I say "bytes" rather than "characters" because some special characters are represented by more than one byte... Read More »