A down to earth look at real estate issues in
Northern New Jersey with an environmental twist.
Sunday, March 01, 2015
Understanding Points In A Home Mortgage Loan - When Is It Best To Use Them?
When determining the best interest rate option to choose, when doing a refinance or buying a new home, there are essentially 3 options that one should consider in order to come up with the best strategy for your loan situation.
PAY POINTS AND LOWER THE INTEREST RATE
GET THE BEST INTEREST RATE WITH NO POINTS ADDED
PAY A HIGHER INTEREST RATE AND PAY NO CLOSING COSTS