refinance: Simple Real Estate Definitions: Discount Points - 04/02/08 01:07 PM
More commonly called "points", discount points are up-front fees charged by mortgage lenders in exchange for lower mortgage rates. The cost of one point is one percent on the loan size and discount points appear on Line 802 of the HUD-1 Settlement Statement. As a general guideline, each point paid … (5 comments)
refinance: Reverse Mortgages : Financing the Golden Years - 03/21/08 09:19 PM
Reverse Mortgages: Financing the Golden Years By Tiffany Taylor-Rodriguez, President Platinum Funding Irvine, Ca – Until recently, seniors 62 years of age and older have not had the best choices when it came to getting cash from their homes. Traditional home loans only offered the option of either selling … (6 comments)
refinance: Life After Bankruptcy - 03/08/08 09:51 PM
Life After Bankruptcy By Tiffany Rodriguez Taylor, PresidentPlatinum Funding Bankruptcy is an uncomfortable subject for a variety of reasons. The most obvious is the potential havoc it can wreak on your finances. Running a close second is the negative stigma which is often attached to the process. This negativity is … (1 comments)
refinance: Did You Lender Freeze Your Home Equity Line of Credit? - 02/10/08 11:12 PM
I dont quite know how to explain this because Ive never heard of this happening before. In my 17 years of mortgage lending experience, I have never seen banks/lenders treat their good customers this way. As you probably know, many big banks and mortgage companies have TERMINATED THE RELATIONSHIP and closed the home equity lines of … (2 comments)
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More commonly called "points", discount points are up-front fees charged by mortgage lenders in exchange for lower mortgage rates. 
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