Long & Foster Real Estate, Inc.
Eileen Summers, Long & Foster Real Estate, Inc.Phone: (703) 244-3190
Email: [email protected]

Tag: Mortgage

Posted on 03/22/2020
Mortgage: What are Points?
Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example,...
+ 3 more
Read More