What are points, and how do they affect my mortgage rate?
Mortgage points can sound complicated—but they’re really just a choice between pay more now or pay more later.
At LENDERLINE, we break it down:
- Paying points = Lower interest rate for the life of the loan.
- Skipping points = Lower upfront cost but slightly higher monthly payment.
We’ll show you side-by-side estimates so you can see which option fits your plans. If you expect to stay in your home for many years, points can save thousands. If you might move or refinance soon, keep your cash.
Either way, our goal is the same—to help you make the smartest financial decision, not just the fastest one.
Even if you have been turned down by another lender, LENDERLINE has a loan program for you.
Call LENDERLINE at 1-888-661-7888 or complete this form to schedule a FREE mortgage consultation.