Discount-points Articles

Posted on February 13   By MLP Blog
Pay discount points on a mortgage, and you take a gamble. Plenty of borrowers lost that wager in recent years, according to a pair of economists.Yan Chang and Abdullah Yavas set out to describe consumers’ behavior, not to give advice about whether one should pay discount points. Even so, their research can be boiled down to this: Think hard before you pay discount points, and if you do, don’t hesitate to refinance. Their research paper, titled, “Do Borrowers Make Rational Choic.... Read More...
Posted on April 26   By Justin McHood
Many people when shopping for a mortgage ask me "does it make sense to pay discount points and buy that rate down even lower?" and recently, it seems to have been asked of me more often than I normally see that question. It seems kind of odd because rates are still bouncing around historic lows - but for some reason, people seem to be more interested than they usually are. Should you pay discount points and buy your rate down even lower than rates are today? It depends. Discount Points - How .... Read More...
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