San Jose Business Daily

Paying Loan Points ndash Throwing Your Money Away or Good Investment

Summary: paying loan points only if the breakeven point is less than 36 months Beyond that timeframe there are too many uncertainties e g the loan could be refinanced property sold etc Paying loan points tends to make the most sense for fixed rate loans rather than ARM loans with limited fixed periods If you intend to keep your loan at least until the breakeven point

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