Are you considering paying points on a mortgage buying down your interest rate? You want to watch this first! I will explain the difference between origination and discount points- which you will see this term thrown around online everywhere! I'll also cover a sample calculation and how to know if the upfront cost is worth it to buy down. Thank you for tuning in!

Chapters
00:00 Introduction
00:15 Definition of Paying Points on a Mortgage
01:20 Calculation of a 1% Buydown
02:03 Origination Point vs Discount Point
02:39 Buydown vs No Buydown
03:56 Recoup Time Calculation
04:38 Is It Worth It?
04:58 Refinancing Later?
05:33 Buying Down More Points

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Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

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