{"id":100,"date":"2018-07-30T21:47:50","date_gmt":"2018-07-30T21:47:50","guid":{"rendered":"http:\/\/fastforwardstories.com\/?p=100"},"modified":"2018-07-31T11:57:16","modified_gmt":"2018-07-31T11:57:16","slug":"what-are-discount-points","status":"publish","type":"post","link":"https:\/\/secure.titlecompanywebdesign.com\/unitedamericantitleagency\/2018\/07\/30\/what-are-discount-points\/","title":{"rendered":"What Are Discount Points?"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 28px 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_jlh6tgs5om dnt=1 videoFoam=true\" style=\"height:100%;position:relative;width:100%\">&nbsp;<\/div>\n<\/div>\n<\/div>\n<p>Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, &#8220;points&#8221; are essentially prepaid interest with each point equaling 1% of the total loan amount.<\/p>\n<p>Generally, for each point paid on a 30-year mortgage the interest rate is reduced by 1\/8 (or.125) of a percentage point.<\/p>\n<p>When shopping for loans, ask lenders for an interest rate with 0 points and then see how much the rate decreases with each point paid.<\/p>\n<p>Discount points are smart if you plan to stay in a home for some time since they can lower the monthly loan payment.<\/p>\n<p>Points are tax deductible when you purchase a home and you may be able to negotiate for the seller to pay for some of them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, &#8220;points&#8221; are essentially prepaid interest with each point equaling 1% of the total loan amount. Generally, for each point paid on a 30-year mortgage the interest rate is reduced by 1\/8 (or.125) of a percentage point. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[19],"tags":[14],"_links":{"self":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/unitedamericantitleagency\/wp-json\/wp\/v2\/posts\/100"}],"collection":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/unitedamericantitleagency\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/unitedamericantitleagency\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/unitedamericantitleagency\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/unitedamericantitleagency\/wp-json\/wp\/v2\/comments?post=100"}],"version-history":[{"count":1,"href":"https:\/\/secure.titlecompanywebdesign.com\/unitedamericantitleagency\/wp-json\/wp\/v2\/posts\/100\/revisions"}],"predecessor-version":[{"id":5173,"href":"https:\/\/secure.titlecompanywebdesign.com\/unitedamericantitleagency\/wp-json\/wp\/v2\/posts\/100\/revisions\/5173"}],"wp:attachment":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/unitedamericantitleagency\/wp-json\/wp\/v2\/media?parent=100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/unitedamericantitleagency\/wp-json\/wp\/v2\/categories?post=100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/unitedamericantitleagency\/wp-json\/wp\/v2\/tags?post=100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}