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Coldwell Banker Res Brokerage
North County San Diego Home Sales , Coldwell Banker Res BrokeragePhone: (858) 518-2875
Email: [email protected]

Tag: PMI

Posted on 01/13/2020
Mortgage: What are Points?
Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example,...
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