I'll Save You Money

by Edward Galstyan
So what are mortgage points, exactly?
Mortgage points are sold by the lender when purchasing a house. Mortgage points are also called discount points. The purpose of purchasing mortgage points is to reduce the fixed APR on your loan. For each point you pay up-front, you obtain a lower interest rate. Essentially, purchasing mortgage [...]

by Edward Galstyan
So you’re saving money — care to learn an easy finance trick?
The rule of 72 is an easy way to determine how long an investment might take to double with a given, fixed annual rate of return. To figure out a rough estimate of how many years it will take an investment to [...]