Ep 88: Should You Buy Down Your Mortgage Rate? When Paying Points Actually Makes Sense
Today's mortgage rates are creating financial decisions that weren't nearly as common or as important just a few years ago.
Buyers are having to think more carefully about how they structure a loan, how much cash they bring to closing, and whether paying more upfront can actually improve the long-term numbers. In this episode, we're going to break down one of those tradeoffs and how to think through it before making a decision.
WHAT YOU'LL LEARN:
What a mortgage point actually buys you, and why the answer depends on the lender.
How to tell whether a rate buydown will pay for itself.
Why "I'll…
The skinny
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