Home Buying
How Much Does It Cost to Buy Down Interest Rate When Seeking a Mortgage?
How Much Does It Cost to Buy Down Interest Rate When Seeking a Mortgage? Find out the pros and cons plus factors affecting the total cost.
One of the most important decisions you must make when buying a home is the mortgage. Unfortunately, most buyers forget to factor in interest rates while shopping for lenders and loan options. Many, for instance, are unaware that they can buy down interest rates and avoid monetary hassles in the long run.
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