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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Best Realtor there is. She helped me out with every step and even went above and beyond to help me out

-Edward Spitzer, Client

Very friendly and knowledgeable staff

-Chris Dougherty, Client

As an out of town client, Holly was patient with us as we added an entire new list of showings after viewing the 8-10 we had picked before arriving in Houston. When it came time to put in an offer, Holly worked to get us the best price and amenities possible.

-Shelly Rodgers, Client

After a few unpleasant realtor experiences, I decided to give Holly a call. She had great reviews online, and I wanted to see if she lived up to her reputation. From the first day we worked together to the closing table, Holly and her staff, Tammy, were there for my husband and I! Everyone at Fanning Realty went above and beyond for us! They are like family now! You will …

-Brea Cooper, Client

Holly was great! Not only did she help us find a gem of a property just in time for rates to start rising, but she also helped me get my previous property rented during the slow season. We really enjoyed working with Holly

-David C, Client

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What Are Points, Anyway?

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