How can I save on mortgage points? How are mortgage points calculated?
A mortgage point refers to interest paid up front and is equal to one percent of the amount of the mortgage. Thus, on a $100,000 mortgage loan, five points would equate to $5,000.
Paying points can lower the interest on a mortgage. Two points paid might bring the interest rate on a loan down about half of a percent. The difference between paying 6.75% on a thirty year $100,000 loan and paying 6.25% on the same loan is about $30 on the monthly payment and $12,000 over the life of the loan; obviously, the larger the loan amount the more savings on both the monthly payment and the total loan paid. If you can afford to pay points and plan to be in your home for a long time then paying points may be a good idea.
How do you know if you should consider paying points? Read more
Gadget removes swearing, sex and violence from popular DVD movies.
Summary: If you avoid renting some DVD ’s because of graphic content, you can now buy an affordable gadget that automatically removes profanity, nudity, and gory violence from more than 2,000 popular DVD’s – including new-release DVD’s. |
If you’re like me, the DVD’s you choose at the video store are often tempered by who might wander into the living room while you’re watching them. Even if you’re planning to watch a movie with your spouse, you may not choose movies that have inappropriate language or scenes that might accidentally be seen or overheard by the younger members of your family.
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The affordable Clearplay DVD player looks like a regular DVD player, except the Clearplay DVD player performs editorial magic to actually filter out “objectionable” material to make popular DVD’s suitable for viewing by more members of your family.
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