Paying a mortgage point sounds like a discount. It's really a bet on time. A point is an upfront fee that buys a lower rate — one point on a $300,000 loan costs $3,000 today for a smaller monthly payment.
money
Paying a mortgage point sounds like a discount. It's really a bet on time. A point is an upfront fee that buys a lower rate — one point on a $300,000 loan costs $3,000 today for a smaller monthly payment.
The rest of this one is in Curio Pro.
Read the rest in CurioMystery, Smart Money and Startup Lessons are part of Curio Pro.