Home Pros Real Estate Group
Sandy Boswell, Home Pros Real Estate GroupPhone: (915) 630-5725
Email: [email protected]

Tag: Mortgage

Posted on 08/09/2020
How to Use Points to Your Benefit
Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example,...
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