| lithilhhto'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, purchasing one point may lower the interest rate to 4. 75% or 4. 875%, depending upon your lending institution's terms. If you're buying home mortgage points, you can buy more than one, and even a portion of one, if the lender permits it.
If you're interested in mortgage points and reducing your interest rate, ask your loan provider for a rate sheet to see the interest rates and corresponding mortgage points. Even better, you should ask the lending institution for the particular dollar amount you 'd have to pay to lower your mortgage rate by a specific portion, considering that points (and fractions of points) can be confusing. https://moiafazenda.ru/user/golfurinsc |
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