Mortgage Points - What are the types and how do you benefit?

Hi carlark,

Welcome to this forum.

Points are also known as discount points. These are some kind of fees that the lenders charge at closing. If the borrower pays these points, he may be offered lower interest rates for the entire loan period.

Eugene has given you some very good information regarding points and I agree with him that the buyer should look the net amount that they need to pay. Points are some kinds of baits to attract the buyers.

There is an article regarding Discount points. You can check it out- http://www.mortgagefit.com/discount-point.html

Feel free to ask if you have any further questions.

Thanks,
Larry

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Rally at KSE continues; Index hits new height at 22,080 points

KARACHI: The bull-run continued at the local bourse, as the benchmark KSE 100-share Index set a new record on Monday by closing at an unprecedented level of 22,080 points after gaining 258 points.

The new government’s apparent resolve to bring improvement on the economic front prompted the stock traders to inject more investment into the local equities.

The KSE witnessed a strong volume of 570 million shares of worth Rs11 billion. Not only the major players but the small investors were also seen taking interest in a variety of stocks.

View the original article here