I get this question a lot. Why would you and why wouldn’t you….Let’s look at the options.
What is a point? 1% or your loan amount. If you borrow $200,000, then 1 Point = $2,000.
This would be $2,000 in addition to what you would normally spend on your normal closing costs if you are obtaining a conforming fixed rate loan. Most of the time on a normal, conforming Fixed Rate Loan you don’t Continue reading