Should You Buy Mortgage Points? Evaluate the Financial Benefits First | Thomas Lorini

“Just like many investors and homeowners, I was recently considering refinancing a rental property I own. After submitting my application, I received a table of rates available to me. I could get a mortgage with an interest rate around 3.5% with minimal closing costs, or I could choose a lower interest rate if I was willing to pay a larger upfront closing cost for mortgage discount points.”

“Just like many investors and homeowners, I was recently considering refinancing a rental property I own. After submitting my application, I received a table of rates available to me. I could get a mortgage with an interest rate around 3.5% with minimal closing costs, or I could choose a lower interest rate if I was willing to pay a larger upfront closing cost for mortgage discount points.”