Should I pay points to lower my interest rate?

Yes, if you plan to stay in the property for a least a few years. Paying discount points to lower the loan's interest rate is a good way to lower your required monthly loan payment, and possibly increase the loan amount that you can afford to borrow. However, if you plan to stay in the property for only a year or two, your monthly savings may not be enough to recoup the cost of the discount points that you paid up-front.

Sample Image

CA-DBO: License/Registration #: 603L028 | CA-BRE: License #: 01886366 | NMLS ID #: 349874

*We are currently licensed to Originate Loans in the States of California, Colorado and Texas Only."

This site uses cookies to process your loan application and other features. You may elect not to accept cookies which will keep you from submitting a loan application. By your clicked consent/acceptance you acknowledge and allow the use of cookies. By clicking I Accept you acknowledge you have read and understand Unity West Lending's Privacy Policy.