How to "Buy" a Better Interest Rate

Thinking about keeping your loan for a while? It might be worth "buying" a lower interest rate by paying points upfront.

Not sure if it’s the right move? Don’t worry—whether you’re planning to stay put for years or expect to refinance or move sooner, we’re here to help you decide what works best for your goals and budget.

What Are Points?

• One point = 1% of your loan amount.
• Paying points upfront lowers your interest rate and saves you money on total interest over the life of the loan.
• You can pay fractions of points too, giving you flexibility in tailoring your loan terms.

Why Pay Points?

Paying points now can make sense if:

• You plan to keep the loan for an extended period.
• You want to reduce your monthly payment.
• You’re in a good financial position now but expect changes down the road.

How to Choose the Right Option

Finding the right balance between points and interest rates can be tricky—there are many combinations to consider. That’s where we come in!

We use a Total Cost Analysis to show you the true cost of different loan options. It goes beyond just rates and points, helping you clearly compare and choose what’s best for you.

Take the Next Step

Ready to explore your options? Give us a call today to schedule your Mortgage Consultation and get your personalized Total Cost Analysis. Let’s find the loan that fits your life perfectly!