Are you currently getting a loan to purchase a home, and your lender is asking you if you want to purchase mortgage points? It will help to know more about mortgage points before you make a decision.
What Are Mortgage Points?
When you buy a mortgage point, you are essentially prepaying for interest on your loan at a much cheaper rate. The way it works is that you pay
- When you decide to shop for an auto loan, you might find many choices and options with the available loans. The differences fall primarily with the terms of the loans you can choose. Every auto loan comes with terms, but the terms vary. Here is an explanation of what this means and the effects the terms have on a car loan. The Terms to Consider Before you can understa