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2. Can I Deduct Mortgage Points on My Taxes? - AOL

   www.aol.com/deduct-mortgage-points-taxes...

   Purchasing mortgage points allows you to "buy down" the interest rate on a home loan. Doing so may result in a lower monthly mortgage payment and save you money on interest charges over the long term.

3. Average monthly mortgage payment - AOL

   www.aol.com/finance/average-monthly-mortgage...

   Monthly mortgage payments include not just principal and interest but also taxes and insurance. The typical mortgage payment nationwide is about $2,200 per month. ... For FHA loan applicants, the ...

4. Mortgage points: What are they and how do they work? - AOL

   www.aol.com/finance/mortgage-points-192840885.html

   If you itemize tax deductions, you can deduct mortgage points as part of the mortgage interest deduction. These are tax-deductible on up to $750,000 of mortgage debt for homeowners who bought ...

5. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can ...

6. Mortgage Points: What Exactly Are They? - AOL

   www.aol.com/mortgage-points-exactly-190013333.html

   In most cases, a mortgage point is 1% of your mortgage loan amount, purchased at closing, that reduces your interest rate by 0.25%. On a $300,000 loan at 7% interest, one point would cost $3,000 ...

7. Guide to FHA adjustable-rate mortgages - AOL

   www.aol.com/finance/guide-fha-adjustable-rate...

   After that, the rate can only increase by one percentage point (for example, 5.5 percent to 6.5 percent) per year and five percentage points for the life of the loan. 3-year FHA ARM: Your interest ...

8. Looking to refinance your FHA mortgage? Make it easier and ...

   www.aol.com/finance/looking-refinance-fha...

   Your monthly principal, interest, and mortgage insurance payment must decrease by 5%, or you have to switch from an adjustable-rate mortgage (ARM) to a fixed-rate loan You can’t take more than ...

9. How to lower your mortgage payment

   www.aol.com/finance/lower-mortgage-payment...

   Recast your mortgage. Eliminate your mortgage insurance. Modify your loan. Lower your taxes. Shop around for a lower homeowners insurance rate. Apply for mortgage forbearance. 1. Refinance to ...