HOME MORTGAGE CALCULATOR
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Durham, NC -- When Irene and Riley Watkins decided to build a new home in Durham County, they scoured magazines to find the ideal floor plan and decor, such as carpet, wall colors and kitchen countertops. If you're shopping for a new home and mortgage, you're going to hear a lot about points. A "point" is 1% of the value of the mortgage loan. So, if your mortgage is $200,000, one point is $2,000. When someone takes out a mortgage, "points" are often involved. Typically, these are "origination" and "discount" points. (ARA) - In the current climate of declining property values, higher interest rates, and changes in available mortgage products, more and more homeowners are becoming delinquent or going into foreclosure. Refinancing to shorten loan terms may give homeowners an equity boost. (PRWeb Aug 8, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/SG9yci1GYWx1LUNvdXAtSGFsZi1UaGlyLVplcm8= You can't just pay the principal on a loan, says Dr. Don. 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