How much do points affect a mortgage and are points an "extra" cut the lender makes over higher rates
Mar 27, 2007 by keruptcorruption | Posted in Renting & Real Estate
I had an appointment with a mortgage broker today and having been close to pre-qualifying 2 years ago I had an idea that I was about to be taken on the same type of "ride" I just wish that seeing what they were trying to do I think it might
Points are usually not a good thing. The theory is that they will take points in return for a lower interest rate.
A point is a percentage point. If you are looking to borrow $100,000 then one point would be $1000 up front.
T J | Mar 27, 2007
Real Estate Marketing - First Time Home Buyer Tax Credit and the Real Estate Market ...