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5
Beds
5
Baths
3,009
SqFt
 
 
#12717388 | Single Family Home
 
2
Beds
1
Baths
892
SqFt
 
 
#200019901 | Single Family Home
 
3
Beds
2
Baths
1,598
SqFt
 
 
#12717365 | Single Family Home
 
2
Beds
3
Baths
1,852
SqFt
 
 
#12717387 | Single Family Home
 
3
Beds
2
Baths
1,520
SqFt
 
 
#12653941 | Single Family Home
 
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS.
©2020 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of San Diego MLS data last updated at July 11, 2020 7:38 PM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
San Diego MLS data last updated at July 11, 2020 7:38 PM PT

What are Loan Points?

8 July

When shopping for a mortgage rate it is necessary to pay attention to the details. Loan points are often overlooked as buyers are fixated on getting the lowest interest rate; however they are an important point to consider when picking your mortgage.

Loan points are an upfront charge by the lender that is part of the price of a mortgage. Points are expressed as a percent of the loan amount, with three points equating to 3 percent of the amount financed, on a $200,000 house that is $6,000.

Points can also be negative, in which case they are a rebate from the lender to the borrower. Rebates usually are bundled into higher rates, while low rates usually have positive points. Lenders usually offer borrowers a range of interest rate/point combinations, leaving it to borrowers to select the best combination for their particular needs.

If you have sufficient cash to meet the requirement and plan on staying in the home for a long time then you should probably pick a low rate/high point combination. On the other hand, if you do not have sufficient cash and do not expect to be in your home for a long time it would be best to pick a high rate/low point combination.

It is possible to include the points in your financing; however you want to make sure that it does not push you into the threshold where you will need Private Mortgage Insurance.

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