Hey community! Today we’re going to talk about discount points.
There’s a lot of topics going around right now about “points” and in particular “discount points”.
In the mortgage world, usually it is an additional fee you are paying in order to buy an interest rate down.
So for example we recently compared a loan estimate with a 3.75% fixed with $3,000-4,000 in fees for discount points. The client thought this was a great deal, but we were able to get this down to a lower interest rate with NO POINTS. This is an important thing to look into.
Interested in learning more? Just watch the video!