How Do Mortgage Points Impact Your Loan? | #CityFirstMortgage

November 20, 2024
Sofya Howard
Mortgage News

Understanding Mortgage Points
Points represent pre-paid interest that borrowers pay upfront to obtain a mortgage rate.
Calculating the Cost of Points
A point equals 1% of the total loan amount, affecting the upfront cost of borrowing.

Sofya Howard

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Sofya Howard

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