ESTIMATE
YOUR CLOSING COSTS
Strategies
For Discount Points
You
need to figure out how much you can afford to spend up-front,
each month and in total, to figure out how many points to
get.
Discount
Points can directly affect your costs and allow you to find
a balance that fits your budgeting needs.
The
longer you have your mortgage the more points you should pay
up-front.
Total
Cost
Discount Points can lower your interest rate. The longer you
have the mortgage the longer you will enjoy the savings of
the lower interest rate.
Monthly
Cost
Unless you can afford the up-front cost and monthly payments,
talking about the total cost of a mortgage doesn't always
help.
You
need to find a balance between the up-front cost and the monthly
payment amount that you can live with.
MORE
INFORMATION.....
How Points and Rebates Work
Points can buy down your interest rate and increase your closing
costs. Rebates will do the opposite. Strategies on 
Points
and Taxes
Points are tax deduction.
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