| carmaiczwd's Forum Info |
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There isn't a set quantity for one point, but. For example, if you have a 5% interest rate, buying one point may lower the rate of interest to 4. 75% or 4. 875%, depending upon your lender's terms. If you're purchasing home mortgage points, you can purchase more than one, or even a fraction of one, if the lending institution permits it.
If you're interested in home mortgage points and lowering your rates of interest, ask your loan provider for a rate sheet to see the interest rates and matching mortgage points. Even better, you ought to ask the lending institution for the particular dollar amount you 'd need to pay to decrease your mortgage rate by a particular portion, because points (and fractions of points) can be complicated. http://upr.okhanet.ru/user/petramfpyk |
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