• HOME
  • RETAIL vs WHOLESALE
  • LOAN PROGRAMS
    • CONVENTIONAL
    • FHA
    • VA
    • CONVENTIONAL HIGH BALANCE
    • BANK STATEMENT
    • ALL IN ONE LOAN
  • TIPS
  • LEARN
    • 10 DO's and DONT's
    • SHOULD I PAY POINTS?
    • FORBEARANCE
  • OUR MORTGAGE PROCESS
    • LOAN APP CHECKLIST
  • MEET DEREK
  • TESTIMONIALS
  • BANKS WE WORK WITH
  • APPLY NOW
  • WHO IS C2 FINANCIAL?
  • CONTACT DEREK
  • WHAT ARE POINTS?
#LENDPHX
  • HOME
  • RETAIL vs WHOLESALE
  • LOAN PROGRAMS
    • CONVENTIONAL
    • FHA
    • VA
    • CONVENTIONAL HIGH BALANCE
    • BANK STATEMENT
    • ALL IN ONE LOAN
  • TIPS
  • LEARN
    • 10 DO's and DONT's
    • SHOULD I PAY POINTS?
    • FORBEARANCE
  • OUR MORTGAGE PROCESS
    • LOAN APP CHECKLIST
  • MEET DEREK
  • TESTIMONIALS
  • BANKS WE WORK WITH
  • APPLY NOW
  • WHO IS C2 FINANCIAL?
  • CONTACT DEREK
  • WHAT ARE POINTS?

Should I Pay Points to Lower my Interest Rate?

Yes, if you plan to stay in the property for a least a few years. Paying discount points to lower the loan's interest rate is a good way to lower your required monthly loan payment, and possibly increase the loan amount that you can afford to borrow. However, if you plan to stay in the property for only a year or two, your monthly savings may not be enough to recoup the cost of the discount points that you paid up-front.

We will run the numbers for you to find your breakeven time frame to see if it makes sense for you or not.

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  • HOME
  • RETAIL vs WHOLESALE
  • LOAN PROGRAMS
    • CONVENTIONAL
    • FHA
    • VA
    • CONVENTIONAL HIGH BALANCE
    • BANK STATEMENT
    • ALL IN ONE LOAN
  • TIPS
  • LEARN
    • 10 DO's and DONT's
    • SHOULD I PAY POINTS?
    • FORBEARANCE
  • OUR MORTGAGE PROCESS
    • LOAN APP CHECKLIST
  • MEET DEREK
  • TESTIMONIALS
  • BANKS WE WORK WITH
  • APPLY NOW
  • WHO IS C2 FINANCIAL?
  • CONTACT DEREK
  • WHAT ARE POINTS?