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Financing Your Home >Who Pays the Points
When home buyers shop for financing, they must consider two important factors--the interest rate and the points. Each point is equal to one percent of the mortgage amount. If you are selling a home, the buyers may ask you to share the points with them.
The buyer usually pays the points. But if the offer is attractive and will give you the amount you want, paying one or more points might be a good idea. When a contract is presented, your real estate agent will go over the price and terms to help you calculate the net price you will receive. If the offer isn't strong enough or has risky contingencies, you might make a counter offer to increase your profit on the sale by eliminating the points from your selling costs or by increasing the price to help you absorb additional costs you will pay.
In some cases, buyers with limited cash may need some assistance from the sellers to make the transaction work. Your real estate agent will help you look at the total picture and the buyer's overall qualifications, so that you can make a decision based on the bottom line.
Financing Options With hundreds of loan programs and hundreds of lenders, financing a home is not as easy as 1-2-3! Find Out More > View All Affiliates >
The Townend Team RE/MAX VINTAGE http://www.REMAXVintage.com 10130 Louetta Road, Suite J Houston, TX. 77070 Main office: 281-376-9900 Ext. 111 800-260-9240 Ext. 111 Fax: 281-320-5830 Direct office: 281-205-1888 Email: Kay@KayTownend.com
The Townend team brings a combined wealth of experience. Practicing real estate in Houston since 1980 and Top Producers in listing and selling residential real estate. We list and bring buyers for over one hundred and twenty homes each year in your area. When you hire the Townend Team, you get the benefit of all those years of experience. Call or email us today!
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