"Boston Mortgage Refinancing Rates"
Paying Points for Lower Mortgage Refinancing Rates
When going through the process of mortgage refinancing your Boston mortgage loan, you may find that you can pay points to get a lower interest rate. In the process of mortgage refinancing, a mortgage company will usually offer you several different interest rates and you can essentially "buy" a lower interest rate. A point is worth one percent of your loan.
A good example is if you are considering a $100,000 mortgage loan. If a point
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