Discount mortgage points seem to confuse a lot of people. Many folks aren’t sure what they are, when they should buy them, or if they actually did buy points when they got their mortgage. The truth is, points aren’t that complicated. In fact, some simple math can make it really easy to determine if you will benefit from purchasing points.
Reuters - NEW YORK (Reuters) -Stocks fell on Thursday, with the benchmark S&P 500 plummeting to a 15-month low, as news of a plunge in regional factory activity and a hefty loss at Merrill Lynch further clouded an increasingly dire view of the economy.
The Mortgage Bankers Association (MBA) released
information Thursday on the role the mortgage industry
is playing in the current drive to help homeowners who are delinquent on
or struggling with their mortgages.
Now it begins. The President and the Chairman of the Federal Reserve
admitted on Thursday (whether belatedly or not is for others to
determine) that the U.S. economy is taking a header, and yes something
needs to be done about it but, no, we aren’t quite ready yet to announce
exactly what.
AJAX, Ontario, January 17, 2008 — The Government of Canada and the Government of Ontario today announced more than $65 million in funding for affordable housing across Ontario. The funding will help create 946 new affordable rental units and provide down payment assistance to 129 households. In addition, 113 houses in Northern Ontario will undergo repairs and renovations with funding from …