MORTGAGE MONDAY: WHAT’S THE POINT OF MORTGAGE POINTS?

Does it make sense to pay points to get a lower mortgage interest rate?  Sometimes yes, sometimes no.  It differs for every transaction and every individual.  To determine what’s right for you look at various combinations of rates and points. Then consider how long you expect to hold the property and how much cash you have available. Read on for more detail to insure you are asking the right questions to identify your best mortgage options.

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

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