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Do You Have Any Info On....

frank_pat profile photo
  • Friday, February 25, 2005 @ 09:32 AM EST
  • 5 Comments

http://www.homeprice.net/

is this info current and which one do you think is better for the investor:

property value estimator

home price report

thanks

Comments(5)

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    frank_pat25th February, 2005

    does anyone know about this site?

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    InActive_Account24th February, 2005

    Discount points are purchased to reduce the interest rate or to get you to qualify for a certain loan type (a broker insurance policy - sorta).

    It is a one time purchase you deduct it from currect year. Again double check with a CPA.[ Edited by hoober on Date 02/24/2005 ]

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    nic345624th February, 2005

    Its my understanding that you can deduct the full points in the first year if it is for a purchase, but if it is for a refinance you have to amort.

    Not sure if this applies to investment property, but I believe so...

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    TracyH24th February, 2005

    Thank you hoober and nic3456. Seems my mind is going downhill these days at an alarming rate!

    I think I need a vacation :o) Maybe after April 15th.

    Much appreciated,

    Tracy

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    MaribelJ25th February, 2005

    well Tracy
    i think i am further below where u are starting then smile

    Whats a discount point? what are they for?

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