The Hughes Team

Colorado Springs Real Estate by Hughes


Mortgages: When paying points pays off

Low rates are offered when the borrower pays points to the lender, which means up front cash. High rates area offered when the lender pays points to the borrower that are being used to borrower's settlement costs. On a 30 year fixed rate mortgage, a lender might offer ten or more combinations.

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http://www.realestatebyhughes.com/00BB02
Posted on July 08, 2011 11:55:36 by The Hughes Team
Posted in Buyer's Information, Mortgage Information

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