Dad has underwater mortgage, can't make payments.
Think about Bankruptcy they will allow him to keep a goodly amount of what he has saved depending on the chapter he files. It will also take care of all outstanding debt. Excepting taxes and school loans. He would also get rid of any annoying 1099 or shortages that will be classed as gift and taxable in the...

Asked to pay points with good credit, is this right?
It's right no matter what rate you get which is derived from your good credit and your ability to repay. you can always buy down the rate. Say they offer youa rate of 4% and you say well thats good but can I do better and your lender saysWell if you pay for a point now we can reduce your rate by an 1/2 of a...