Featured listing by Marty Remo with RE/MAX Prime Properties
See how The Remo Team markets their properties with beautiful photography, staging, and video.
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What are discount points?
Discount points, also known as mortgage points or simply points, are fees paid directly to a lender at closing in exchange for a reduced interest rate. One point equals one percent of your loan amount, so if you buy one point on a $100,000 loan, it’s going to cost you $1,000.
Now how much you are willing to pay for points is determined by how long you plan to keep the loan. Generally speaking, the longer you plan to keep the loan, the more valuable the points become because even though you pay more upfront, you’ll save more over the life of the loan.
If you are only planning to stay in the home for a few years, then it might not make sense to pay for points. However, if you are planning to stay in the home for 10 years or longer, then you may want to consider paying for points.
When it comes to purchasing points, you have two options: buy them or pay nothing. If you buy them, they will be paid upfront at closing and you will receive a discounted interest rate. If you don’t buy them, you will have a higher interest rate but it won’t cost you anything upfront. Ultimately, it is important to crunch the numbers to determine which option is the right choice for you.
In summary, discount points typically cost one percent of your loan amount and whether you buy them or not should depend on how long you plan to keep the loan. It’s important to do your research and crunch the numbers so that you can make an informed decision.
Almost 25 Years Later!
Great guy. Great team. Used them repeatedly! -The Eckmans
'It's not every day that I have the privilege of working with friends/clients again. I actually sold them their home in Washingtonville 24 years and 9 months ago. I sold this home again, as well as, a beautiful townhouse...as they begin the next chapter of their lives that will include no yard work! Best of luck!' Marty
Marty is an outstanding realtor
If you need an amazing realtor, you have found one! Marty Remo Helped my husband and I sell our home Marty is an outstanding realtor to partner with. His knowledge of the market and how to best market your property is second to none. Marty explained the entire process to us and held our hands throughout the process. We trusted his judgement and advice and our property went into contract quickly. Marty is very responsive to emails, calls, and texts so I never felt ignored or uninformed about anything. He is high energy and will make sure that everything runs smoothly. I would highly recommend him to anyone. Thanks Marty!
Put your home in Marty's hands
Finding the The Remo Team was just what I needed to make selling my home as painless as possible. Working with Marty was truly a pleasure. He always went the extra mile.. Literally! Selling my second home, which was over 60 miles from where I currently reside, came with many challenges.. All of which Marty was fully equipped and ready to handle. His presentation of the home was stunning, right down to the professional walk through video, which I now hold as a sentimental keepsake. I would highly recommend working with the The Remo Team for all of your real estate needs. Put your home in Marty's hands and leave your worries behind!