What are mortgage points?

Mortgage points, also known as discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. This is also called “buying down the rate,” which can lower your monthly mortgage payments.

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One-point costs 1 percent of your mortgage amount (or $1,000 for every $100,000). Essentially, you pay some interest up front in exchange for a lower interest rate over the life of your loan.

In general, the longer you plan to own the home, the more points help you save on interest over the life of the loan. When you consider whether points are right for you, it helps to run the numbers.

here are essentially two kinds of mortgage points: discount points and origination points.

What are discount points?

Discount points are actually prepaid interest on the mortgage loan. The more points you pay, the lower the interest rate on the loan.

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Paying points is often referred to as “buying down the rate.” A loan with no points will have a higher interest rate than a loan with 1 point.

Borrowers usually can pay from zero to several points, depending on how much they want to reduce their rate. Every mortgage lender has its own price structure, so how much you can lower your rate by paying points depends on the lender, the type of loan and the mortgage market.

Generally, though, each point you pay will lower your interest rate by one-eighth to one-quarter of a percent.

Use our mortgage calculator to figure out your monthly payments.

What are Origination Points?

Origination points are a type of fee borrowers pay to lenders or loan officers to compensate them for the role they play in evaluating, processing and approving mortgage loans. Credit history is one factor that plays a role in the amount of origination points that apply to a borrower. Unlike other types of points (for example, discount points), origination points are not tax deductible.

Tips for Calculating Your Mortgage Payment

When Should You Pay Points on a Mortgage?

Buying a home is a huge decision, and every situation is different.

  • To make sure you’re set up for success, we highly recommend speaking with a financial adviser
  • Be proactive and get a handle on your credit report and score. Both are significant factors in determining if you can get approved for a loan and for how much, which plays into your interest rate and how much you’ll pay each month. There are plenty of free services online that will give you an idea of where you stand. You’re also entitled to a free credit report from the major bureaus each year.

35 Photos That Prove Walmart Is One of the Strangest Places On the Planet

Walmart is great if you want to get paper towel, electronics, and cereal rather cheap, but the real riches come in the form of the people that you see there.

Long story short, there’s always a story, and half of the time you could swear you saw that story told on a recent episode of Maury Povich. That’s to say that the crowd is…interesting, and if you need any more proof, check out some of these shots from People of Walmart.

If there’s a whole website dedicated to this crowd, you know it has to be so bad it’s good. 

10 Of Hottest Female Models On Instagram

Instagram, for those who have been living under a rock for the past five years, is essentially a social media platform for sharing pictures and videos. The company was bought by Facebook back in 2012 for an estimated $1 billion, with over 300 million active members as of December 2014. There are plenty of gorgeous women on Instagram, posting images of themselves daily. Here are just a few of the hottest models who are currently on Instagram, with their usernames attached so you can follow them.

Nina Agdal, @ninaagdal

Nina Agdal is a Denmark native who has worked with Sports Illustrated, Aerie and Bebe. Agdal has over 955,000 followers on Instagram, and regularly uploads sexy images of herself on the platform.

Jourdan Dunn, @officialjdunn

Jourdan Dunn, who can be found on Instagram @officialjdunn, is a British model and the face of Maybelline. She has her own YouTube channel, which is focused on cooking. She has over 1.3 million followers on Instagram, and regularly uploads images of the food she cooks, gorgeous images of herself and even photoshoots with Naomi Campbell.

Liu Wen, @liuwenlw

Liu Wen was the first Chinese model to ever walk in Victoria’s Secret Fashion Show. Wen currently has over 1.3 million followers on Instagram and regularly uploads images of herself and things she loves.

Ashley Graham, @theashleygraham

Ashley Graham is an American model from Nebraska and is known for modelling the plus-sized clothing store Lane Bryant. She currently has over 700,000 followers on Instagram, and posts a lot of sexy images of herself.

Karlie Kloss, @karliekloss

Karlie Kloss is an American fashion model, who was a Victoria’s Secret Angel from 2013 to 2015. She has over 3.3 million followers on Instagram, even more of a reason for you to follower her.

Anja Rubik, @anja_rubik

Anja Rubik currently has over 470,000 followers on Instagram. She is a Polish model and has modeled for designers such as Victoria’s Secret, Christian Dior, Armani and Chanel. As an added bonus, she’s got her Snapchat on her Instagram page; Anja.Rubick.

Emily DiDonato, @emilydidonato1

Emily DiDonato has close to 700,000 followers on Instagram, and rightfully so; she’s smoking hot! In 2009, DiDonato was signed as the face of Maybelline New York, and in the same year began modeling for Victoria’s Secret.

Gigi Hadid, @gigihadid

Gigi Hadid has over 7 million followers on Instagram, and posts hot pictures of herself quite regularly. She has been named one of 12 rookies in Sports Illustrated’s annual swimsuit issue in 2014, and has also appeared in a few television shows, including the Real Housewives of Beverly Hills.

Josephine Skriver, @josephineskriver

Josephine Skriver is a 22 year-old model who has been active with modeling for the past five years. She currently has over 880,000 followers on Instagram, and regularly posts sexy pictures of herself.

Lily Aldridge, @lilyaldridge

Lily Aldridge has over 2.7 million followers on Instagram and has been modeling for twelve years. She first walked for Victoria’s Secret in 2009, and became an Angel in 2010. She has also appeared in Taylor Swift’s Bad Blood music video.

The 50 Most Perfectly Timed Photos Ever

Photography is an art – but some photographers take this art to an altogether different level… where the images clicked by them can very well play with the imagination of the viewer.
Here are some awesome random clicks by photographers unknown that will make you look at these images at least TWICE!!! So are you ready?

 

1. This is not how you’re supposed to drink beer.

2.When you accidentally french-kiss a dog.

3.This Girl had an imperfect timing.

 

4. With these fire breeding golden retriever dogs, who needs dragons?

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5. Am I the only one who thinks this illusion is rather creepy?? Errr.. where did the head of this lady  go?

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6. Undoubtedly this baby enjoyed this incident a lot more than the one who photographed it!!

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7. This incident must not have been fun immediately around 0.5 seconds later! Oucchhhhhh

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19 Hollywood Redheads So Attractive, They’ll Blow Your Mind Away

Men can have a fetish for any goddamn thing – hair included. Some find curls sexy while others get turned on by blondes. There’s another section that finds redheads extremely attractive and if you happen to be one such man, then you’ve come to the right place. If you’re a woman, you can still go through this list and take some cue on how to nail the look. Here’s a list of 19 of the most stunning redheads in showbiz.

1. Emma Stone

Not a redhead by birth, Emma Stone has been dyeing her head red. And we love it.

2. Natalya Rudakova

There’s something about those red freckles.

3. Julianne Moore

Smokin’ hot, even on the wrong side of 50.

4. Isla Fisher

Beauty redefined.

5. Alyson Hannigan

Brunette to redhead. And how!

6. Rihanna

Red hot!

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7. Karen Gillan

A true blue redhead.

8. Nicole Kidman

Born a blonde, this Australian looks equally stunning with red hair.

9. Chritina Hendricks

Curls and curves!

10. Kate Mara

Sometimes a fake ginger looks as stunning as the real one.

11. Heather Graham

Hotness rating: Mind blowing!

12. Milla Jovovich

Oh, those red tresses!

13. Famke Janssen

The fiery look in those eyes perfectly complements that fiery red mane.

14. Debra Messing

Pulling off the scarlet look in style.

15. Jessica Chastain

Hot as hell!

16. Drew Barrymore

Every man’s desire.

17. Kate Walsh

Spicing up things in red.

Turning up the heat.

18. Sophie Turner

Striking a pose with that striking red hue.

19. Renee Olsted

One look at those red lips and magenta waves is enough to set hearts racing.