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2. Mortgage points: What are they and how do they work? - AOL

   www.aol.com/finance/mortgage-points-192840885.html

   Mortgage points are the fees a borrower pays a mortgage lender to get a lower interest rate on their loan. Doing so lowers the overall amount of interest they pay over the mortgage term. This ...

3. Mortgage rates are dropping: How much does a 1% rate ... - AOL

   www.aol.com/finance/how-much-does-1-percent...

   Finally, there's good news for homebuyers and for homeowners who want to refinance their mortgages: Interest rates are dropping to their lowest levels in years. Since October 2023, mortgage rates ...

4. Mortgage Points: What Exactly Are They? - AOL

   www.aol.com/finance/mortgage-points-exactly...

   A mortgage point is prepaid interest equaling 1% of your loan amount, paid in exchange for an interest rate reduction. An interest rate is the percentage of your loan amount charged by the lender ...

5. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Discount points. Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate.

6. Shared appreciation mortgage - Wikipedia

   en.wikipedia.org/wiki/Shared_appreciation_mortgage

   A shared appreciation mortgage is a mortgage arranged as a form of equity release. The lender loans the borrowers a capital sum in return for a share of the future increase in the value of the property. The borrowers retain the right to live in the property until death.

7. Home mortgage interest deduction - Wikipedia

   en.wikipedia.org/wiki/Home_mortgage_interest...

   e. A home mortgage interest deduction allows taxpayers who own their homes to reduce their taxable income [1] by the amount of interest paid on the loan which is secured by their principal residence (or, sometimes, a second home). The mortgage deduction makes home purchases more attractive, but contributes to higher house prices. [2][3]