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What are Mortgage Points, How They Work, and How Refinancing Affects Them?

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catharin9 Joined: 14 Jul 2009 Posts: 169 -0.07 Dollars($)	Posted: Sat Sep 19, 2009 10:57 am    Post subject: What are Mortgage Points, How They Work, and How Refinancing What are Mortgage Points, How They Work, and How Refinancing Affects Them?
sunnyca2009 Joined: 04 Aug 2009 Posts: 1737 36.13 Dollars($)	Posted: Sun Sep 20, 2009 11:20 am    Post subject: You pay points to lower your interest. WHn you get a mortgage and yoru interest rate offered is 5.25% and you want it to be lowered you cna do ti by paying points. So paying 1 points ( Equal to 1% of the loan) will lower your interest by 0.25% typically

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