Comments on: When to Pay Points on a Mortgage Loan

By: Peggy Chirico

Peggy Chirico — Wed, 06 Apr 2011 14:13:34 +0000

Excellent information, Bill. I will be sure to point my clients to this post.

By: Christopher Arienti

Christopher Arienti — Thu, 16 Dec 2010 17:52:38 +0000

Bill, great post as usual…

By: Bill Gassett

Bill Gassett — Thu, 16 Dec 2010 12:52:51 +0000

Jennifer thanks for your comments on when to pay points on a mortgage. There are times when it makes sense to pay points and other times not so much.

By: Jennifer Fivelsdal

Jennifer Fivelsdal — Wed, 15 Dec 2010 20:15:00 +0000

Bill,

I like your to the point explanation. Paying points is something that should be considered carefully, it all depends on how long you plan to stay in the house. This is a timely post as many are probably pondering this as the rates trends upward.

By: Jo Soss

Jo Soss — Mon, 08 Mar 2010 16:11:58 +0000

Bill, Very nice explanation. Buyer education is huge and you did a real great job explaining the real numbers.

By: Tax Deductions When Buying a Home

Tax Deductions When Buying a Home — Mon, 08 Mar 2010 13:51:48 +0000

[...] In order to understand if paying points makes sense you need to calculate the mortgage payment amount with and without points. By looking at the spread between those amounts you can determine how long you would need to be in the house before it would pay off for you. For a complete explanation see when to pay points on a mortgage. [...]

By: Bill Gassett

Bill Gassett — Sat, 20 Feb 2010 21:24:59 +0000

Thanks Brian! I hope your mortgage business is going well.

By: Brian Cav

Brian Cav — Sat, 20 Feb 2010 17:37:57 +0000

Excellent Post!

I suggest to my clients if you can sit back and honestly say to yourself that you will own your current home, not do any type of refinancing on that home for the next three years and you can afford to purchase points or origination to lower your Mortgage Interest rate then do it. Also… Does the fact that Mortgage Rates are at all time lows make you want to purchase or not purchase points of origination. I say buy a point that way you have a super all time low rate.

Love the post and Site, keep up the good work.

http://www.SmarterBorrowing.com 6177715021