Real estate blog entries tagged with loan options by 23 Ventures LLC

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Home : Blogs : Christopher Hills, Managing Dir. Lending : The Commercial Mortgage Market Blog : Tag "loan options"

loan options: Do I pay a point or not? - 02/21/08 07:33 AM

There really is not a benefit in paying point. Points are a means of buying down you interest rate. The average Mortgage broker will tell you that paying a point will only take 3-5 years to recoup. However the numbers do not bear this out. Here is why! What if you put that extra money down on a property? It would reduce your loan balance. It would actually take 100 months to recoup what it cost you back. And when it is all said and done the total cost would be $150 more. Considering the average person in MA refi's or … (6 comments)

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Christopher Hills, Managing Dir. Lending

Hopkinton, MA

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