woodbridge new jersey: What Do Points Have to Do With Woodbridge (Middlesex County, NJ) Real Estate? - 02/15/09 01:34 PM
You may have heard of points when looking for Woodbridge real estate.  Maybe your loan officer told you that you can trade points for a better interest rate.  That sounds good, but just what are points? Let me give you a better idea of just what points are and how they work.
What Are Points?Points, more specifically discount points, are a percentage of the total loan amount for the house that is pre-paid to the lender.  Each point is worth one percent.  Your lender may offer a lower interest rate for your mortgage loan if you buy discount points.
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Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven (Metuchen Keller Williams Elite Realty / Middlesex County, NJ)

Catherine Chaudemanche - Edison & Central NJ

Full Time, Informed and Involved- Results Driven

Edison, NJ

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Metuchen Keller Williams Elite Realty / Middlesex County, NJ

Address: 481 Memorial Pkway, Keller Williams Elite Realty, Metuchen, NJ, 08840

Office: 7325491998 x142

Mobile: (732) 616-6700

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