When re-financing a mortgage, typically you get better rate when you buy points.
A typical advice regarding whether to buy points seems centered around "if you plan to sell soon or pre-pay, points may not be worth it".
However, in a situation where you:
- Fully intend to keep the house for 10+ years
- Fully intend to pay standard mortgage amount for 10+ years without pre-paying
- Can easily afford as many points as you wish
- Can easily afford 20% downpayment (e.g. no Private Mortgage Insurance concerns)
Fixed rate 10 or 15 year mortgage.
in such a situation, is there any reason, financial or not, to NOT pay as many points as mortgage seller allows?