The reason is that what contractors might charge to remove the current flooring, especially in cases of tile and hardwood, can vary wildly. Installation costs can vary just as much, so we would recommend contacting 2-3 contractors and asking how much they charge per square foot for removal and installation of flooring.
Multiply the amount of your loan times the total number of points as a percentage. Using figures from the above steps, the three points bought with a $400,000 mortgage would cost $12,000: $400,000 x 0.03 = $12,000.
Average 30-year mortgage rate falls to 4.14%. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year loan eased to 4.14% from 4.17% last week. The average for the 15-year mortgage fell to 3.22% from 3.30%.verage 30-year mortgage rate falls to 4.14%. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year loan eased to 4.14% from 4.17% last week. The average for the 15-year mortgage fell to 3.22% from 3.30%.