Mortage Points: What They’re All About - MortgageDepot
Abstract
Many people have never even heard of mortgage points. A mortgage point, also called a discount point, costs 1% of your home’s purchase price. For each one you buy, your interest rate will decrease by a specific percentage. Some think purchasing one mortgage point will lower their interest rate by an entire percentage point. Contact MortgageDepot today to see if purchasing mortgage points will put you ahead in the real estate game.
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