| abregehtlm's Forum Info |
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There isn't a set amount for one point, but. For example, if you have a 5% rates of interest, buying one point may reduce the rate of interest to 4. 75% or 4. 875%, depending on your lender's terms. If you're buying mortgage points, you can purchase more than one, and even a fraction of one, if the lending institution allows it.
If you have an interest in mortgage points and reducing your rates of interest, ask your lending institution for a rate sheet to see the rates of interest and matching home loan points. Much better yet, you need to ask the lending institution for the specific dollar amount you 'd need to pay to reduce your home loan rate by a particular percentage, because points (and portions of points) can be confusing. https://pacient-net.ru/user/gwaniekcwr |
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