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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Holly was a great help I was in a tough situation with a rental property and eventually I needed to sell it. With Holly's help we were able to get a great offer and recoup our losses. We couldn't have done it without her help

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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

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Holly was fantastic. I felt like she took care of me on this challenging adventure.

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What Are Points, Anyway?

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