“What are points, and should I pay them?” Mortgage points are pre-paid interest….
“What are points, and should I pay them?” Mortgage points are pre-paid interest. If you prepay some interest to the lender up front, the mortgage lender will offer you a lower interest rate over time. “Do I have to pay points?” you ask. No! And it is a good idea to know what you’re looking at: Points can be disguised as origination fees, discount fees and broker fees, so educate yourself on how to spot points, and what considerations to value wh… #MortgageLoanProcessor #MortgageForLowCredit
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