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June 06, 2006
Figuring Discount Points With Mortgage Calculators
Mortgage calculators are very helpful for budgeting and bargaining.
Use the mortgage calculator to work out each of the options that your lender quotes you. Some mortgage lenders will allow 0-2 discount points, with variations for different mortgage terms, but other lenders will allow more discount points up to a set maximum. What you want to avoid is being in either a break-even or paying more than you would without the discount points.
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Posted on June 6, 2006 09:42 AM by Mortga79.
Filed in Mortgage Calculator under mortgage calculator.
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