Tag Archive for: mortgage points

How Mortgage Points Work

/in , ,
The purchase of a home is often the biggest investment someone makes in their life. With this being such a large financial decision, home buyers must know all the tools at their disposal that can impact their monthly expenses. It’s for that reason that it’s so surprising that many borrowers aren’t aware of the ways they can lower their interest rate with mortgage points!Read More

The Difference Between Discount Points & Origination Fees

/in , ,
Discount points are fees you can pay to lower your interest rate and thus lower your monthly mortgage payment. Paying discount points is commonly referred to as “buying down” your interest rate. The more you pay in discount points, the lower your interest rate will ultimately be.Read More

Why We Hate Paying Points (Or Think Buyers Shouldn’t)

/in ,
Paying points to lower a mortgage rate is rarely worth it, especially in the current market. Borrowers often refinance before they recover the costs, making it a poor investment in many cases.Read More