buying points: What Are Points and When Should You Pay Them? - 12/23/09 12:52 AM
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buying points: Mortgage Rate Update & What Are Points and When Should You Pay Them? - 09/04/09 04:00 AM
Karl PeidlLincoln Mortgage Company251 Bellevue Avenue, Suite 102 Hammonton, NJ 08037© Copyright 2009. All About News, Inc.
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buying points: Buying A Home - Step 3: Origination Points - 08/19/09 08:38 AM
Buying A Home - Step 3: Origination Points
Origination points are often misunderstood. Points are nothing other than interest paid at the time of closing to obtain a lower interest rate on a loan. One point is equivalent to 1% of the loan amount. If you are going to borrow $300,000 on your loan, one point would equal $3,000. This generally generates 1/8 to 3/8 of a percent lower interest rate, depending upon the loan program. As always, current market conditions dictate what the best choice will be at the time you want to buy a home. Ask your lender to … (0 comments)

buying points: What Are Points and When Should You Pay Them? - 06/03/09 03:14 AM
Karl PeidlSuperior Mortgage CorpAugusta Professional Center 854 S White Horse PikeHammonton, NJ 08037
800-706-6671 ext 4349
kpeidl@supmort.com
www.karlpeidlsmc.com
 
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buying points: What Are Points and When Should You Pay Them? - 03/05/09 03:14 AM
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buying points: Straight Scoop on Pricing Adjustments and Paying Points - 01/27/09 10:53 PM
In response to the higher mortgage default rates being experienced by Fannie Mae and Freddie Mac (the largest buyers of 30-year fixed, conforming mortgages), the formal announcement of "Risk Based Pricing" was established during 2008. Before this was announced, a 30-year fixed loan was basically the same price for any borrower with a credit score of 660 or higher and a loan amount up to 95% of the home value. But now, Fannie and Freddie require pricing "add-ons" using a matrix of credit score and loan-to-value percentages. This risk based pricing is MANDATED by Fannie and Freddie, and is required of … (0 comments)

buying points: What Are Points and When Should You Pay Them? - 12/01/08 02:13 AM
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Karl Peidl

Accredited Loan Consultant

Moorestown, NJ

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Address: 305 Harper Drive, Suite 3, Burlington County, New Jersey, Moorestown, NJ, 08057

Office: 8562(521) 200-1224

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