Day: September 11, 2017

What Are Mortgage Points? And Should You Pay Them?

When people want to determine how much their mortgages cost, lenders often give them quotes that include loan rates and points. Here, Bankrate explains what mortgage points are and whether or not you should pay them. What exactly is a point? A point is a fee equal to 1 percent of the loan amount. A 30-year, $150,000 mortgage might have

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