Mortgages and Points Strategies to Buy a House

A buydown is a way for a borrower to obtain a lower interest rate by paying discount points at closing. Discount points, also referred to as mortgage points or prepaid interest points, are a one-time fee paid upfront. In the case of discount points, the interest rate is lower for the loan term.
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Please watch: "RELOCATING TO BOSTON-SHOULD I RENT OR BUY?"
• RELOCATING TO THE BOST...
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