I Refuse to Pay Points!
I want the Lowest Rate!

Sound familiar? Everyone tells you that this is the only way to go. No points saves on closing costs and the lowest rate significantly reduces the interest you pay on your mortgage.

Remember one of the key questions is: How long do you intend to stay in this house or seek refinancing? The average loan will log 3-5 years before it is refinanced or the house is sold. If this is your time line - refuse to pay points and demand the lowest rate possible.

However, if this is your dream house and you do not picture yourself leaving anytime soon for the foreseeable future, then forget about the interest rate and focus on how much this loan will cost you over time. This is just smart money management.

First Call Mortgage Co., Inc 18 Constitution Drive, Suite 8 | Bedford, NH 03110 Phone 603-622-4100 x19 Fax 603-666-3249     This web site may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting or tax advice. You may wish to consult a competent attorney, tax advisor, or accountant. Privacy Statement