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Mortgage Points Explained — How it may 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 [...]

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The Rule of 72

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 [...]

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