Susan Hilton College Station Real Estate
Realtor & Vice President of Sales of Bryan College Station Real Estate
Read my blog below
Archive for April, 2011
What a Glorious Morning in College Station!
April 11th, 2011 Categories: Living Here, Where Am I?
Sometimes we just need to stop the frantic pace of real estate and look at our surroundings and be thankful.
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Easter Abounds in Pebble Creek
April 7th, 2011 Categories: Living Here, Where Am I?
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Prospective Buyers In The Bryan-College Station Area Looking Into Discount Points
April 5th, 2011 Categories: Real Estate
There are many prospective buyers that ask about discount points? What are they, are they worth paying, etc.
Well to start out, you need to understand what they are exactly. Discount points are fees paid to a lender in order to purchase a lower interest rate, which is also known as “rate buydown”. The result of having discount points is a lower monthly mortgage payment over the life of the loan. For the discount points 1 point is equivalent to 1% of the loan amount. For example 1 point on a loan of $100,000 is $1,000. Depending on the type of loan you will usually find that 1 point will lower the interest rate .25%to .375%.
When does it make sense for clients to purchase discount points? It is not a good idea if the client plans on living in the home less than 4 fours, is applying for an adjustable rate mortgage or is planning on refinancing in a few years; although if they plan on remaining in the home for over 5 years and do not plan on refiancing in the near future it is generally a good idea.
It is best to conduct a break-even analysis when you are considering discount points. A break-even analysis can be calculated by taking the monthly mortgage payment without any points, then subtract the monthly mortgage payment with points.
Something else you may not know is that discount points are tax deductible in the year they are paid for residential property. You should also know discount points are available when refinancing, but are deductible over the life of the loan. Talking with a tax advisor in regards to the details of these deductions would be wise.
Susan Hilton
Call me when you need help with your home purchase in Bryan or College Station, Tx!
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Easter Egg Hunt April 2011
April 4th, 2011 Categories: Community Events, Living Here
Hope you will join us at the annual Century 21 Beal Easter Egg Hunt on April 16th at Central Park in College Station, Tx. Be sure to arrive before 10am and be ready to hunt promptly at 10:15 am. All children need to bring their Easter Baskets too!
See you there!
Susan Hilton
CENTURY 21 Beal, Inc.
979-764-2100
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Where Am I?
April 2nd, 2011 Categories: Family, Living Here
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