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Refinancing: What’s the Point of Paying Points?
Consumers sometimes pay too much in points for lower refinance rates, and wind up spending more money than if they simply paid no points and accepted a higher rate. At other times, points paid save thousands of dollars over the life of a mortgage. Your circumstances will determine if it’s beneficial to pay points when you do a mortgage refinance. Read
By: Mary Wilson | 02/11/2007 | Mortgage