What are Mortgage Points?

house 8

Last week we took a close look at mortgages, and for the next few weeks I’ll explore different terms and concepts related to home ownership and buying a house. If you’re getting ready to buy your first home, then check back each Friday for the next couple of weeks to make sure that you know the basics! Also, if there is anything you’d like explained, please leave a comment and let me know! I’ll do my best to cover it.

So, back to the topic at hand, what are mortgage points? Well, the first thing that you need to know is that there are two types of mortgage points—origination points and discount points.

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I Challenged my Wife to Fix our Budget


So one day I’m updating our budget, aka spending plan, with expenses, and I start to do some analysis to figure out what our average “house” expenses are since we are now feeding four people instead of three.

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Credit Card Wisdom: Should I Stay Or Should I Go?

two credit cards

Yeah, sort of like that song from the Clash way back in 1981, it might be a good time for you to take a good hard look at those credit cards you have been carrying around in your wallet for ages.

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Your Financial Relationships: Who Pays The Bills?


This post is part of our Your Financial Relationships series. This series is designed to help you discover the financial topics you should discuss with your significant other in order to have a financially healthy relationship. Today, we’ll be looking at deciding who is in charge of paying the bills.

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Are Lotteries a Tax on the Poor?


I’m sure most of you heard about the recent lotto prize of $242 million dollars won by California resident B. Raymond Buxton. My congratulations to him—and to the federal government and the government of California, which collectively walked away with $183 million of the $425 million Powerball jackpot. This does not address the fact that [...]

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Huff Post: What Wikipedia Won’t Tell You About Personal Savings


You have to recognize the drill by now. Right about this time every year, the financial doomsayers stand up behind their pulpits and declare that the end is near. Americans aren’t saving enough to retire, much less pay off their debt. We’re doomed, the sky is falling, and so on and so on.

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What is a Mortgage?


Don’t laugh! Some people truly don’t know the details about mortgages and mortgage payments. If you rent, you simply may not have had the opportunity to learn the ins and outs of mortgages. Now, you probably know that a mortgage payment is your house payment. You take a loan to purchase your home, and you [...]

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Reader Question: Quickest Way to Pay Off an Auto Loan


If you have questions about your finances, you are not alone. In fact, here at Your Finances Simplified we often receive financial questions from our readers. For example, we recently had a reader, Nikki, ask: What is the quickest way to pay off an auto loan?

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Personal Taxes: Put It Off or Do Em Now?

tax return

It’s that season again. People are singing; cash registers are ringing. Oh wait, it sounds like they are singing the blues. Sadly, no, it’s not the holiday season this time, it’s tax time. Ugh. This is when many people start feeling like they’re stuck in that old movie “Groundhog Day.” Didn’t I just finish my [...]

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