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	<title>Home loans &#124; Maryland Virginia D.C., PA, DE mortgage &#187; 1 point</title>
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	<description>mortgage info for the D.C. metro area &#124; guidelines, updates, news, loan officer insight &#38; approval, rates, terms, fees..</description>
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		<title>Paying a point for a lower rate</title>
		<link>http://www.choicefinance.net/blog/2007/12/21/paying-a-point-for-a-lower-rate/</link>
		<comments>http://www.choicefinance.net/blog/2007/12/21/paying-a-point-for-a-lower-rate/#comments</comments>
		<pubDate>Fri, 21 Dec 2007 20:13:03 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>
		<category><![CDATA[2) General]]></category>
		<category><![CDATA[1 point]]></category>
		<category><![CDATA[paying points]]></category>

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		<description><![CDATA[Randy…
I would have to make the new loan approx $335K  (to have you come to the table with $88K)  At 5.875% your P&#38;I payment is $1982 per month…..at 6.125% you are at $2036 per month….. plus taxes, insurance, HOA etc……So it is costing you $3,350 up front for a $54 per month lower payment….62 months [...]]]></description>
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