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  • Casual Articles - Mortgage Calculators and Figuring Discount Points

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    In other words, you are paying a small amount of your overall interest in advance. This payment is made upon closing the mortgage, with your
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    Points are deductible on your Schedule A, 1040 IRS return. That's good, if you paid them and know what they are. As always, there's something more to learn.

    A discount point is an additional fee you pay to your mortgage lender in return for a reduced interest rate. What this means in real terms on the cost of your loan is best worked out with a mortgage calculator - in particular, a mortgage points calculator.

    Generally one discount point is the equivalent of 1% of your total mortgage. This translates to a 0.125% on the agreed interest rate. In other words, you are paying a small amount of your overall interest in advance. This payment is made upon closing the mortgage, with your

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    g more to learn.

    A discount point is an additional fee you pay to your mortgage lender in return for a reduced interest rate. What this means in real terms on the cost of your loan is best worked out with a mortgage calculator - in particular, a mortgage points calculator.

    Generally one discount point is the equivalent of 1% of your total mortgage. This translates to a 0.125% on the agreed interest rate. In other words, you are paying a small amount of your overall interest in advance. This payment is made upon closing the mortgage, with your

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    s means in real terms on the cost of your loan is best worked out with a mortgage calculator - in particular, a mortgage points calculator.

    Generally one discount point is the equivalent of 1% of your total mortgage. This translates to a 0.125% on the agreed interest rate. In other words, you are paying a small amount of your overall interest in advance. This payment is made upon closing the mortgage, with your

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    Generally one discount point is the equivalent of 1% of your total mortgage. This translates to a 0.125% on the agreed interest rate. In other words, you are paying a small amount of your overall interest in advance. This payment is made upon closing the mortgage, with your

    Blue Toe Syndrome
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    In other words, you are paying a small amount of your overall interest in advance. This payment is made upon closing the mortgage, with your mortgage lender setting the cost of the discount point.

    Although it is your lender who sets the value of the discount prices, you can do some work in advance by using a mortgage calculator to see what difference the points will make to your monthly payments. There is less advantage to buying additional discount points if you do not intend to live in the property for at least the greater part of the mortgage period. So, they are not always a good thing. Using a mortgage points calculator you can input various "years in home" figures to see how it af

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