≤ 2 Points
≤ 2 Points
Mortgage Rates shown in the “≤ 2 Points” column include the payment of less than two points or two points to the lender at closing. Each point is equal to 1 percent of the loan amount (e.g., two points on a $200,000 mortgage would cost $4,000). By paying additional points (or parts of a point) at closing, you can lower your loan’s interest rate.
The amount of money you have readily available and the length of time you expect to hold the mortgage are two of many things to consider when looking to lower the interest rate by paying additional points. Our mortgage specialists will assist you in securing the right interest rate and mortgage loan program that best suits your personal and financial needs.
