Sunday, March 01, 2015

Understanding Points In A Home Mortgage Loan - When Is It Best To Use Them?

When determining the best interest rate option to choose, when doing a refinance or buying a new home, there are essentially 3 options that one should consider in order to come up with the best strategy for your loan situation.


  • PAY POINTS AND LOWER THE INTEREST RATE
  • GET THE BEST INTEREST RATE WITH NO POINTS ADDED
  • PAY A HIGHER INTEREST RATE AND PAY NO CLOSING COSTS  
Dan White has given us a breakdown of the advantages and disadvantages of each scenario.

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