Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
Mortgage Professor about should you buy points: 
Who Should Take an FHA Mortgage?
April 24, 2000, Revised October 31, 2002, March 14, 2003, September 7, 2004 "We recently purchased a home with 20% down, with mortgage insurance provided by the Federal Housing Administration (FHA). When we closed on it, we were ... more...

Pay Points on a Mortgage If You Expect to Prepay?
April 19, 2004 "I was planning to pay 1 point to reduce the rate on a new 30-year FRM from 4.125% to 3.75%. I expect to be in the house about 7 years. Using your calculator, I get a break-even of 34 months. However, I expect to add substantially to my monthly payment in ... more...

should you buy points related definitions

Back End Points vs. Front End Points
Back End Points vs. Front End Points A point is a type of mortgage slang for a percentage point. The technical term for point is loan origination fee. In laymen terms, a point is a fee you pay to a lender or broker. ... more...

Back End Pionts vs Front End Points
Back End Points vs. Front End Points A point is a type of mortgage slang for a percentage point. The technical term for point is loan origination fee. In laymen terms, a point is a fee you pay to a lender or broker ... more...

More about should you buy points

Get Free should you buy points Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

How To Choose A Credit Card
Your credit score may just be a little number, but it packs a big punch. A poor credit score can keep you from getting a mortgage or a car loan. In addition, your credit score may haunt you for a long time if it suddenly drops. Of course, if you have a good credit score it opens a lot of doors for ... more...

No Money! Does It Really Matter? (Free E-Books)
You can use the sellers existing financing for part of the purchase price. Buying "subject to" you only have to fund the money for the sellers equity! You can get a cash buyer and do a simultaneous close or flip your deal to the buyer for a cash assignment fee. You can sell your contract to another ... more...

The Right Time to Buy A Home
There are many real estate market forecasts and predictions available - however the bottom line is that if you want to buy your first home-there is no wrong time. This is because the motivation to buy is not determined by regional market conditions or by location, but rather by your personal needs ... more...

UK Sales and Marketing Terminology
Terminology / AcronymsABC figures: This is the independently audited sales figure for all recognised publications in the UK. By using the ABC figure, you can quickly establish how much the advertising will cost per 1,000 readers. Account Managers: These are sales people who have great skills in ... more...

Home Loans and Mortgages The Myth of Tax Deductible Interest
Home ownership has risen sharply in recent years, and the percentage of Americans who own their own homes is approaching a record seventy percent. Thats a good thing; wed all rather live in our own home than consider the alternatives. The most common method of purchasing a home is by taking out a ... more...

Bad Credit Loans For Those Who Seek Alternatives for New or Old Car
You can still save money on a Bad Credit Loan by comparing rates, checking out multiple policies, and negotiating with lenders.Getting a Bad Credit Loan doesnt have to be like basic training. Someone with bad credit will more than likely have a tough time buying a brand new car at an affordable ... more...

Guide to Buying a Refrigerator / Freezer
When it comes to buying a new refrigerator, or refrigerator-freezer combination, there are a number of factors that need to be considered before you make your purchase. Factors that will, influence the best buy for you are in three broad categories: The environment where the appliance is to be ... more...

Best Mortgage Deal UK - Put Your Best Foot Forward!
As a borrower for mortgage in UK it is your right to find the best finance deal available. Is that a challenge? Not if you know where to look and what to look at while contemplating mortgage. You have to follow a strategy in order to get best mortgage deal in UK.The constant lowering of the ... more...

Building or Renovating? 10 Things You Must Know
There are many sad cases of home renovations not going as planned - often going way over budget or schedule, or unforseen complications popping up unexpectedly and ruining even up to years of work.Most of these situations would never have gone so awry with some careful planning and early decision ... more...

Pay No Closing Costs for Refinancing - The Advantages of a No Closing Cost Loan
If you hear the term "Absolutely No Closing Cost," you would assume that there are no closing costs (lender, escrow and title) involved in the loan. But actually this is really just a creative way of marketing or selling this type of loan. Is there really a absolutely no closing cost loan?No, there ... more...

Return to previous page   More articles on should you buy points
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009