06488 : Real Estate Advice

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Elva Wormley, Real Estate Pro in San Jose, CA
Elva Wormley answered:
Sorry for my ignorance, but what are "points" as regards a mortgage, and how do they function? Thank you.
Hi Vincent,

Great question!

Points are one type of fee paid at closing by you to your mortgage lender. There are two types of points: Origination Points and Discount Points. Each ... more
0 votes Share Flag Mon Oct 27, 2014 Home Buying in 06488
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