Thinking about paying thousands of dollars in mortgage points to get a lower interest rate?
Before you do, consider this: If mortgage rates fall and you refinance before recovering that upfront cost, you could lose money on the points you paid.
I've helped borrowers refinance without lender fees or points when the numbers made sense. But nobody can guarantee rates will fall.
The key is understanding your break-even point before spending the money.
Buying or refinancing a home in California? DM me. Let's compare your options.
Have questions about buying, refinancing, or tracking your mortgage rate in California?
Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.
Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate