What Are Mortgage Points? | Mortgage Points Explained

What are Mortgage Points? You will see them listed as origination fees, discount fees or mortgage points on your fee worksheet. Points are the amount you pay at closing for a lower rate. To calculate the amount of time to recoup this cost, divide the origination fee from the monthly interest rate savings to figure out how long it will take to recoup your initial investment. For more information on selling your investment properties, contact us at www.loanwithjen.com Equal Housing Lender NMLS # 514497

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