What are Discount Points?
Discount points are a kind of prepaid interest that a borrower pays as an upfront fee to their lender at the time of closing. By paying discount points you pay more upfront, but receive a lower interest rate and therefore pay less over the life of the mortgage.
This informational video provides key points on what exactly you can expect from discount points and more information on whether or not they are a good idea for you. As always, direct all of your questions to your Wisconsin Mortgage Corporation Loan Officer for the best and most reliable answers. They will be able to help you figure out if discount points are a good idea for you.
Buying and selling a home does not need to be complicated! Whether you are a first-time buyer or selling your existing home, we have gathered the most frequently asked questions and created easy to understand videos. These resource videos cover topics such home warranties, typical closing costs for sellers, understanding seller disclosures, home staging, tips for first time home buyers, choosing a 15 or 30-year mortgage and more! Check back regularly for your video resource on all home related topics! #ShorewestRealtors #ShorewestFamily #ResourceVideos
Tags: buying a home, Closing, Discount Points, Homeowner, How-To, Lender, Loan Officer, Resource Videos, Shorewest Realtors, shorewest tips, Wisconsin Mortgage Corporation
Categories: First Time Home Buyers, Home Buying, How to, Mortgage, Real Estate Tips, Shorewest Tips
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