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Each mortgage discount point typically lowers your loan’s interest rate by 0.25 percent. One point would lower a mortgage rate of 6.5 percent to 6.25 percent for the life of the loan.
For instance, last week Sharon quoted a client at a rate of 7.125% with no fees. If his client wanted to buy the rate down to 6.75%, it would cost $1,348 in discount points.
If you're buying a home in a high interest rate environment, there's a handy little hack that can enable you to reduce your rate over time, known as "discount points" or "buying down the rate ...
The Federal Housing Finance Agency (FHFA) is an independent federal agency in the United States created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U.S. Department of Housing and Urban Development government-sponsored enterprise mission team, [3] absorbing the powers and regulatory authority ...
This is a list of law enforcement agencies in the US state of Washington.. According to the US Bureau of Justice Statistics' 2008 Census of State and Local Law Enforcement Agencies, the state had 260 law enforcement agencies employing 11,411 sworn police officers, about 174 for each 100,000 residents.
Matthew Bevan "Matt" Cox (born July 2, 1969) is an American former mortgage broker and admitted mortgage fraudster and con man. Cox, also a true crime author, wrote an unpublished manuscript entitled The Associates in which the main character traveled the country to perpetrate a mortgage fraud scheme similar to the one Cox ran.