30 Year Fixed-Rate Mortgage with Points

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Paying points means buying down the interest rate. Some companies call it “discount points” while others call it “origination fees.”  Either way, you are paying to get the lowest possible rate for your mortgage.

If you’re seeking the lowest possible rate then a 30 year fixed rate mortgage with points may be your best option.

Who Should Pay Points?


If you are refinancing and plan on keeping the mortgage for the entire term of the loan then it may make sense to pay points as you will end up saving more in interest over the life of the mortgage.


If you are purchasing a home and know for certain that you will keep the mortgage for the entire term and have the extra money to bring to the closing table than it makes sense to pay points to buy down the rate.

If you have the money and plan on keeping the mortgage for a long time then it makes perfect sense to pay additional fees to get the lowest possible rate.  Let us analyze your situation and determine what option best fits your needs, because a low rate by itself does not necessarily mean a better deal.

Whether purchasing or refinancing, we can help you determine whether there is a cost benefit to paying points.

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All rights reserved © 2023 Mortgage Expert, Inc. NMLS ID: 2412313 Location: 450 S Orange Ave, Suite 379, Orlando, FL 32801, FL 32746 | Phone: (407) 955-9235 Content provided by Shahram Sondi The information provided on this site is for basic informational purposes only and IS NOT intended as a substitute for professional or legal advice. Notice: SHAHRAM SONDI + CO (License #: CQ1049127) and Mortgage Expert (NMLS ID: 2412313) are both wholly-owned entities of Shahram Sondi (NMLS ID: 186790, License #: BK3225742). Due to this relationship, any referral between these two entities has the potential to financially benefit Shahram Sondi. Under no circumstance are you required to engage the services of one or both of these entities. View $1000 Best Rate Guarantee Terms & Conditions
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