Mortgage Points Explained
Mortgage Points Explained
Feb 10, 2025
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Should you pay points when getting a mortgage? Better yet, what are points? #mortgagebroker #realestate #firsttimehomebuyer #homeloans #homeownership #mortgagetips #mortgage | Hill Country Mortgages
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Should you pay points when getting a mortgage? Better yet, what are p…
41 views5 months ago
FacebookHill Country Mortgages
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…
31 views5 months ago
FacebookThe Campbell Team at CMG Home Loans
Points or no points? 🤔 Here's the deal: When getting a mortgage, you can pay points to lower your interest rate, or go with no points and keep a higher rate. So what are points? ➡️ 1 point = 1% of your loan amount. Example: On a $400K loan, 1 point = $4,000 at closing. 💡 Here's why it matters: The interest rate you see often includes a point! That’s why it's important to look beyond the rate and check the costs too. Have questions? We’re here to help break it all down for you. 💬 Evan McDonoug
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