Cypress TX Homes and Real Estate

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What Are Points, Anyway?

What Are Points, Anyway? There are two types of points. Discount points are prepaid interest on your mortgage loan—you’re basically paying finance charges in advance. Discount Points are used to "buy" your interest rate lower. This is known as a rate "buydown." A general rule of thumb is that one full Discount Point will lower your fixed interest rate .250 percent or your adjustable rate .375 percent. Lenders regard this type of points as covering their cost for offering a lower interest rate over the length of the loan. The more points you pay, the lower the interest rate on the loan, and the fewer you pay, the higher the interest rate. Paying discount points is a good idea if you plan…

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Fanning Realty is awesome! They sold our house fast! We will be using them in the future. We would recommend them to everyone!

-Hollie Dunlap, Client

I bought and sold this home with Holly and have been extremely well satisfied with both transactions. Everything went smoothly and quickly.

-Joyce, Client

Holly is the only realtor I ve ever had. She s been there during four major life changes job changes to help me sell and buy. I won t use anyone else she s the best

-Will R, Client

I am not sure if my house would have sold for the amount it did without Holly. There are always bumps in the road when undergoing such a transaction. Holly stayed on top of things, kept me informed and was a professional at all times. Holly and her husband Bill actually represented us 15 years ago when we bought out house. I think it says a lot when customers choose the …

-MJR, Client

Holly and her team were hands-down the reason we were able to secure the home that we did. She negotiated the terms that we needed and many extras that we didn t even know we needed. Go see Holly if you want the best deal in town

-Adriene, Client

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What Are Points, Anyway?

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