Should You Pay Discount Points?


The rates you see may be teaser rates and they aren’t going to be available to you when you apply for a loan. That’s because banks will charge you ‘discount’ points to give you their best rate. You’re not required to pay points, but it’s a choice if you want a lower interest rate.
http://dongockel.realtytimes.com/consumeradvice/mortgageadvice1/item/28083-20140326-should-you-pay-discount-points

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