paying points: When Is It a Good Idea to Pay Points on a Mortgage Loan?
- 11/19/10 11:28 AM
When is it a good idea to pay points on a mortgage loan? This is a common question for people buying a new home, but it also comes up when an existing mortgage loan is re-financed. In general, the practice of paying "points" on a loan is fairly common and is often viewed as simply a cost of obtaining the loan. The question that people obtaining a mortgage should ask is, whether paying points is a good idea and a sound financial decision based on their specific circumstances? In order to answer this question, borrowers have to look at the mechanics of the … (0 comments)
When is it a good idea to pay points on a mortgage loan? This is a common question for people buying a new home, but it also comes up when an existing mortgage loan is re-financed. In general, the practice of paying "points" on a loan is fairly common and is often viewed as simply a cost of obtaining the loan. The question that people obtaining a mortgage should ask is, whether paying points is a good idea and a sound financial decision based on their specific circumstances? In order to answer this question, borrowers have to look at the mechanics of the … (0 comments)
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