There was a time when paying your monthly debt payments by their respective due dates (on time) was enough to constitute good credit because your payment history was a great indicator of your willingness to repay your debts and to pay them on time. Your payment history used to account for nearly 100% of your overall Read More >
“Why” You Want to Get Out of Debt May Influence “How”
Posted on: 03.01.16
For the most part, Americans live in a fast food, shake and bake, society, which is to say that we have come to expect and demand instant gratification for anything we want in life. That’s typically how people accumulate credit card debt; instant gratification coupled with not having an emergency reserve. Instant Read More >
How Are Loan Discount Points Deducted on Your Tax Return When You Refinance Your Mortgage?
Posted on: 02.16.16
Whether obtaining a mortgage to purchase a house or refinance an existing mortgage, it can be very tempting to pay loan discount points in an effort to secure the lowest interest rate possible. While I don’t often advise paying discount points because it is rarely in the client’s best interest, especially in refinance Read More >
Are Loan Discount Points Tax Deductible When You Buy a House?
Posted on: 02.11.16
It has become commonplace to pay loan discount points when obtaining a mortgage these days in an effort to secure the lowest interest rate possible. While I don’t often advise paying discount points because it is rarely in the client’s best interest, the good news is that if you decide to pay points, any points you pay Read More >
Should You Pay Loan Discount Points or Not?
Posted on: 02.04.16
When an aspiring homeowner applies for a mortgage to finance the purchase of a home of their own they are confronted with a great many decisions. Decisions they may not be equipped to answer without professional guidance. One of those decisions is whether or not to pay loan discount points to secure a lower interest Read More >
What are Loan Discount Points and Why Do Lenders Charge Them?
Posted on: 01.28.16
The mortgage industry, like any other industry, has its own unique terminology that no dictionary or thesaurus can help you with. Among those unique terms are the words “Loan Discount Points,” and not understanding what they are and the role they play in a purchase or refinance transaction can have a significant impact Read More >