| inbardoigt's Forum Info |
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There isn't a set quantity for one point, however. For instance, if you have a 5% interest rate, buying one point may decrease the rates 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 permits it.
If you have an interest in home loan points and decreasing your interest rate, ask your lending institution for a rate sheet to see the interest rates and matching home mortgage points. Even better, you must ask the lender for the particular dollar amount you 'd have to pay to decrease your home mortgage rate by a specific percentage, because points (and portions of points) can be complicated. https://ccm.net/profile/user/caldisndaj |
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