I am looking into refinancing my home.

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I am looking into refinancing my home.

jameshogg

Posted on: 04th May, 2010 05:52 pm

Could someone explain how points factor in when refinancing?

Total Reply : 3

Hi jmross,

Paying points generally lowers the interest rate on your loan. Thus, you will have to pay lower interest rates if you pay the points upfront.

Thanks

jameshogg

Posted on: 04th May, 2010 09:41 pm

Points buy down the interest rate. You're prepaying interest upfront.

tfaulhaber1

Posted on: 05th May, 2010 06:54 am

Thanks for the information. That helps.

jmross

Posted on: 07th May, 2010 03:08 pm

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