Thursday, April 15, 2021
What are Discount Points?
https://958.prequalifyme.today for no SS#/hassle/obligation help What are discount points? Discount points are a kind of prepaid interest that a borrower pays as an upfront fee to their lender at the time of closing. By paying discount points you pay more up front but receive a lower interest rate and therefore pay less over the life of the mortgage. In general one discount point costs 1% of the total loan amount and paying it up front can reduce your interest rate typically by 0.125% and 0.25%. So, for example, on a $100,000 dollar loan, with an available rate of 4%, one discount point would require $1000 do at closing. But your interest rate will be reduced to between 3.75% and 3.875% for the life of the mortgage. Lenders benefit from discount points by receiving cash up front instead of waiting for money in the form of interest payments over time. The exact amount that your interest rate is reduced depends on your lender, the type of loan, and current mortgage market conditions. The longer you plan to stay in your home the more sense discount points make. If you plan to relocate or refinance in the near future, paying discount points is probably not for you. #point #points #discountpoint #discountpoints #originationfee #originationfees #prepaidinterest #upfrontfee #closingcost #closingcosts #advisors #mortgage #mortgages #loan #loans FREE Real Estate tips: http://RealEstateWithAdvisorsJG.com FREE Guides: Home Buying-https://bit.ly/33UTW2K Home Selling-https://bit.ly/3mTvLuv FREE “INSTANT” HOME VALUE: http://HomeValuesWithAdvisorsJG.com PREQUALIFY for loan: https://bit.ly/2GuyvgQ APPLY for loan: https://bit.ly/2HH6cwi 732-500-6883 https://JGraff.AdvisorsMortgage.com/contact https://facebook.com/nmls1974758 FREE MORTGAGE CALCULATORS: https://JGraff.AdvisorsMortgage.com/calculators FREE current copy of my periodical eMag: "HOME LOANS NEWS": https://1drv.ms/u/s!Al3KFhVmz0hu8zVpDugzDgdYmOiv?e=RMwEP1 And FREE subscription for anyone interested in receiving it via email - just instant message me your email address - no hassle/obligation - cancel anytime - absolutely FREE! "I wrote the book on home loans...;o)" - James H. Graff FREE "beta/test" copy of my new 70+ page, pdf Ebook "HOME LOANS: LINKS to lots of FREE guides, tips, info, advice on virtually ALL current aspects of buying, selling and financing a home" FREE copy: https://1drv.ms/u/s!Al3KFhVmz0hu8zh4BHmqfOrEdO9U?e=2kbvT4 HOME LOANS James Graff NMLS# 1974758 Advisors Mortgage Group, L.L.C. NMLS# 33041 2899 Highway 35 North Hazlet N.J. 07730 In 34 states of The United States of America: AZ CA CO CN DE D.C. FL KS KY IL IN ME MD MA MI MN NJ NY NC OH OR PA RI SC SD TX VT VA WA WV Cash out refinance, debt consolidation, renovation loan, reverse mortgage, pre-qualify, pre-approval letter, FHA VA USDA HELOC HECM FNMA Fannie Mae FHLMC Freddie Mac... #mortgages #mortgage #marketupdate #refinance #homebuying #realestate #homeownership #advisors #marketupdates #homeloan #homeloans #debtconsolidate #realtor #realestateagent #agent #mortgagecalculator
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2 comments:
I never thought that I will be qualify for a loan that Officer Pedro and his loan company granted me which was very smooth and transparent in every conversation that we make through the loan process, I will once again thank him and his loan organization for a job well done by offering me a loan of 22 million Euro with the low rate of 2% annual return they are genuine and loan register company with simple terms and conditions.Contact the loan company through pedroloanss@gmail.com
Hi everyone, I am Adorjan Adelmo from Yasinya village Ukraine and I just want to say a very resounding thanks to Pedro Financial loan services for their sincerity, Openness, Transparency, Truthfulness, Love and support during and after getting loan funds from them. I have been through a lot in the hands of in life and time won’t permit me to say all that I went through in the year of pandemic but God answered my prayers through the support and love from pedro Financial loan services who embraced me and understood me despite my initial doubt and unseriousness and with his good heart and love I am now a home owner through his 3% interest rate loan funds and I have vow to spread this news and also tell the world that there are still genuine and few good online loan firms out there that can assist and also revive a dry bone like I was.
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