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2. What is negative equity? A guide to underwater mortgages - AOL

   www.aol.com/finance/negative-equity-guide...

   For example, let’s say that your current mortgage loan balance is $360,000. But your home is only worth $300,000. In that case, you would have negative equity of $60,000.

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

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

   Paying two points, or $6,000, to reduce interest on a $300,000 mortgage from 7% to 6.5% would cost $2,722 more over the first three years you own the home than if you’d applied that extra $6,000 ...

4. ‘Discount Points’ Could Lower Your Mortgage Payment ... - AOL

   www.aol.com/finance/discount-points-could-lower...

   If you're buying a home in a high interest rate environment, there's a handy little hack that can enable you to reduce your rate over time, known as "discount points" or "buying down the rate ...

5. Seller's points - Wikipedia

   en.wikipedia.org/wiki/Seller's_points

   Buyers can use seller's points to pay for prepaid costs, mortgage interest or temporary rate buydowns. [3] This means that if you have money in savings that you must retain, you could ask the seller to pay for a 1 to 2 percent interest rate reduction for a year or prepay your interest, homeowner’s association fees or homeowner’s insurance for a set period.

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

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

   In this example, the borrower bought two discount points costing 1 percent of the loan principal, or $3,200 each. By buying two points for $6,400 upfront, the borrower’s interest rate shrank to ...

7. Negative equity - Wikipedia

   en.wikipedia.org/wiki/Negative_equity

   Negative equity is a deficit of owner's equity, occurring when the value of an asset used to secure a loan is less than the outstanding balance on the loan. [1] In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside down".

8. Buying down mortgage rates wasn’t worth it in 2023, experts ...

   www.aol.com/finance/buying-down-mortgage-rates...

   For instance, last week Sharon quoted a client at a rate of 7.125% with no fees. If his client wanted to buy the rate down to 6.75%, it would cost $1,348 in discount points.

9. Mortgage and refinance rates for Feb. 12, 2025: Average rates ...

   www.aol.com/finance/mortgage-and-refinance-rates...

   A mortgage point could cost 1% of your mortgage amount, which means about $5,000 on a $500,000 home loan, with each point lowering your interest rate by about 0.25%, depending on your lender and loan.