Mortgage Points Explained
Mortgage Points Explained
Feb 10, 2025
investopedia.com
Should you buy points to lower your mortgage rate? 🏡💭 Before you decide, ask yourself a few key questions — I’m sharing what to consider and how to know if it’s really worth it in your situation. Knowledge = power when it comes to your home loan! 💪 #MortgageAdvice #CMGHomeLoans #HomeBuyingTips #MortgagePoints #knowledgeispower #campbellteamcmg | The Campbell Team at CMG Home Loans
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Should you buy points to lower your mortgage rate? 🏡💭 Before you decid…
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FacebookThe Campbell Team at CMG Home Loans
📉🏡 MORTGAGE POINTS MATH — DOES IT REALLY SAVE YOU MONEY? Kevin explains it in the simplest way: 🧮 What Are Mortgage Points? ✔️ You pay upfront to lower your interest rate ✔️ 1 point = 1% of your loan amount ✔️ Lowers your monthly payment ✔️ Can save thousands over the life of the loan 👉 But the savings depend on how long you plan to stay in the home. 📊 When Points Make Sense ✔️ You’re keeping the home long-term ✔️ You want a lower monthly payment ✔️ You prefer paying more now to save later
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