RealBiz5.com
	Should I Pay Points for a Lower Rate [ Administrator : virot05 - 27/05/2007 - 11:39 ] Paying points for a lower interest rate is a trade off between paying money now versus paying money later.  A point - equaling 1% of the total loan amount - is an upfront fee that reduces your monthly interest rate and total interest due over the life of a loan.  Use our calculator to figure out the cost and effective saving of loan points as well as the minimum amount of time it will take to recover your loan points.
		Post by : virot05 Privileges : Administrator Insert Topic	27/05/2007 - 11:39