Why do banks offer mortgage points?
When you apply for a mortgage, banks let you pay something up front to reduce the interest rate. Why is this a good bet for them?
When you apply for a mortgage, banks let you pay something up front to reduce the interest rate. Why is this a good bet for them?
When you apply for a mortgage, most lenders let you pay a little bit up front to reduce the interest rate. These payments are known as “points”: should you buy them?