Paying Points /West Hills Ca./ San Fernando Valley Real Estate

  Paying Points /West Hills Ca. / San Fernando Valley Real Estate

Paying Points

When exploring Mortgage options you'll find quotes from lenders that include both loan rates as well as "points."
 A point is a fee equal to 1 percent of the loan.
A 30-year, $150,000 mortgage might have a rate of 7 percent, but come with a charge of 1 point, or $1,500.
There are two kinds of points borrowers can pay;
Origination points:
These are charged by the lender to cover the costs of making the loan. They are not tax- deductible.

Discount points:
These are actually pre-paid interest on the mortgage loan.
The more points you pay, the lower the interest rate on the loan and vice-versa. Borrowers typically can pay anywhere from zero to three or four points, depending on how much they want to lower their rates. This kind of points is tax-deductible.

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  Serving the San Fernando Valley and in particular West Hills,Woodland Hills,Winnetka,

Canoga Park, Northridge, Chatsworth, Granada Hills and More

 If you are planning to Buy or Sell a home or land in West Hills, Woodland Hills or in the San Fernando Valley, I'd be happy to assist you.

 ";Oh, by the way, if you know of someone who may need my Real Estate services , please call me with their name and number.

 I will be happy to help them!"

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