Tag Archive for: points

How Mortgage Points Work

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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

Points, Discount Points, & Origination Fees – Avoid Them In 2022!

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Even though distinctions can be made, Points, Discount Points, and Origination Fees are effectively the same thing, and they are used interchangeably. A “point” typically represents 1% of the loan […]Read More

Why Do We Quote Rates With Points – When We Dislike Points?

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On Tuesdays, we send out an email to our entire database that says “What’s Going On With Rates?” And – in that email, we share numerous rate quotes – and […]Read More

Rates Climb Again; Panic Time? Paying Points? Affect On Buying Power

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PANIC TIME? Interest rates climbed again yesterday, primarily in response to inflation fears – so we are now officially back to pre-pandemic interest rate levels. It is not time to […]Read More

The Difference Between Discount Points & Origination Fees

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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)

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Borrowers constantly ask if they should pay points or origination fees to buy down a loan. Our constant refrain is no, and here are the reasons why: 1. Borrowers get […]Read More