How Are Points Determined in a Mortgage?

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Tip 1 - U.S. Bank | What are Mortgage Points?

Published: 9 years ago | Submitted by Danny Potter | permalink

Mortgage points are a form of prepaid interest. At U.S. Bank, we can help you decide if buying down your interest rate is the right option for you.

For further reading: https://www.usbank.com/home-loans/mortgage/mortgage-points.aspx ^[1]

Tip 2 - How Do I Calculate the Cost of Mortgage Loan Points?

Published: 9 years ago | Submitted by John Davey | permalink

Mortgage lenders often require an origination fee for the payment of services rendered. Generally, the origination fee is quoted in the form of points or a dollar amount. A point is equal to 1 ...

For further reading: http://homeguides.sfgate.com/calculate-cost-mortgage-loan-points-7606.html ^[2]

Tip 3 - How Are Mortgage Points Calculated?

Published: 9 years ago | Submitted by nicolas reinke | permalink

If you are purchasing a home, your lender may give you the option to purchase mortgage points as part of your transaction. While many first-time home buyers – and many seasoned ones, as ...

For further reading: http://finance.zacks.com/mortgage-points-calculated-3130.html ^[3]