1
vote
2answers
250 views

Mortgage points vs. down payment: How should I look at the break even point?

Some relevant questions are here: What are points on a mortgage? Should I pay points on my mortgage? First Time Home Buyers - Down Payment, PMI and Points I am aware that most people look at the ...
4
votes
2answers
93 views

Paying for mortgage points vs investing that money

First time home buyer here. So I've been reading about points and how an up-front payment can save you money in the long term. At first, the numbers seem pretty convincing. For example, pay $5000 ...
7
votes
2answers
111 views

What are points on a mortgage?

What are points on a mortgage?
11
votes
3answers
220 views

Should I pay points on my mortgage?

We're looking into refinancing from a 30 year mortgage at 5.5% (currently 23 years left) to a 20 year mortgage at 4.5%. Paying points will reduce the rate somewhat, but since we don't have extra ...