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Should I Pay Mortgage Points?

If you are buying a home or refinancing, you have probably heard about “mortgage points.” This form of pre-paid interest can save you thousands of dollars over the course of your loan but in many circumstances is not worth the upfront cost. How do you know whether to pay points or not? Here’s a quick guide to help you figure it out. What are Mortgage Points? Mortgage points – also known as discount points - are essentially a way to pay some of the interest upfront on your home loan. One point is equal to 1% of your mortgage amount. For example, one point on a $100...

July 18th, 2018 | Purchasing a Home, Interest Rates, Should I Pay Mortgage Points?

Stockton Main Office

Majestic Mortgage Services, Inc.
3520 Brookside Rd,
Stockton, California 95219
Phone: 209-473-3947
Fax: 209-473-2298
NMLS: 1154031 CA BRE (License #01944454)

San Diego Branch Office

Majestic Mortgage Services, Inc.
2828 University Ave., Suite 102
San Diego, CA 92104
Phone: 619-352-4410
Fax: 619-352-4401
NMLS: 1407609 CA BRE (License #01944454)

Elk Grove Branch Office

Majestic Mortgage Services, Inc.
2230 Longport Ct., Suite 110
Elk Grove, CA 95758
Phone: 916-236-4600
Fax: 916-236-4601
NMLS: 1154035 CA BRE (License #01944454)