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

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

   You can use Bankrate’s mortgage points calculator and amortization calculator to figure out whether buying mortgage points will save you money. Pros and cons of mortgage points. Mortgage points ...

3. 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 ...

4. Adjustable-rate mortgages: What they are and how they work - AOL

   www.aol.com/finance/adjustable-rate-mortgages...

   If you’re buying your forever home, think carefully about whether an ARM is right for you. Learn more: The pros and cons of ARMs. Adjustable-rate mortgage FAQ. How are variable rates on ARMs ...

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. Pros and cons of an adjustable-rate mortgage (ARM) - AOL

   www.aol.com/finance/pros-cons-adjustable-rate...

   Adjustable-rate mortgage pros and cons There are benefits and drawbacks to consider before deciding if an adjustable-rate mortgage (ARM) is right for you. Let’s break down some of the points you ...

7. What is a 10/1 adjustable-rate mortgage (ARM)? - AOL

   www.aol.com/finance/10-1-adjustable-rate...

   A 10/1 ARM has pros and cons, just like any mortgage, including: Pros of a 10/1 ARM Cheaper at first: The big benefit of a 10/1 ARM is cheaper initial monthly payments compared with a 30-year ...

8. What is a 7/1 adjustable-rate mortgage (ARM)? - AOL

   www.aol.com/finance/7-1-adjustable-rate-mortgage...

   Pros and cons of a 7/1 adjustable-rate mortgage Pros of a 7/1 ARM. Cheaper at first: Interest rates for a 7/1 ARM can be a full percentage point below a 30-year fixed mortgage. That means lower ...

9. 1 in 4 First-Time Home Buyers Today Are Considering an ... - AOL

   www.aol.com/1-4-first-time-home-100015239.html

   Here are a couple of pros and cons to be aware of if an adjustable-rate mortgage is on your radar. Pro No. 1: You can get a lower starting interest rate The average 30-year mortgage rate as of ...