Our Services
About Us
Our Team
Purchase Options
Refinancing Options
Industry Referrals
The Loan Process
Loan Process RoadMap
Mortgage Calculators
Mortgage Dictionary
Start Your Application Today
Secure Loan Application
Quick Application
Request an Application
Talk to a Consultant

"Working with Nexgen Home Finance is even better than I hoped."

- Bregan Hubbard
View Testimonials »



What are discount points?

A point equals one percent of the loan and is usually paid at closing.

For example, if your loan amount is $100,000…then one point would equal $1,000 OR one percent.

Discount Points are fees paid by the buyer to the lender to reduce the loan's interest rate. If you plan to keep your residence for five or more years, it may be worthwhile to pay discount points to reduce your monthly payment and achieve greater savings over the life of the mortgage.

The number of discount points required to buy down your interest rate will vary based on the loan type. Ask your HomeBanc Mortgage Consultant for details on your specific transaction.

Generally speaking, points are tax deductible when you are buying a primary residence. Consult your tax advisor for more information on tax deductibility.

428 Main St ste 207, Huntington Beach, CA, 92648 | info@nexgenhomefinance.com | ph. 714-912-8488 | fax