| actachwlml's Forum Info |
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There isn't a set quantity for one point, but. For instance, if you have a 5% interest rate, buying one point might decrease the rate of interest to 4. 75% or 4. 875%, depending upon your loan provider's terms. If you're buying home loan points, you can purchase more than one, and even a fraction of one, if the loan provider enables it.
If you're interested in mortgage points and lowering your interest rate, ask your lending institution for a rate sheet to see the rate of interest and matching mortgage points. Much better yet, you must ask the loan provider for the specific dollar amount you 'd have to pay to reduce your home loan rate by a particular portion, since points (and fractions of points) can be complicated. http://elita-hotel.ru/user/jakleylwgr |
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