When Do Discount Points Make Sense for South Carolina Home Loans?

Lenders constantly seek ways to make South Carolina home loans more appealing. An average rate of four percent may seem miniscule, but it makes a huge difference when it comes to mortgages.

That is why lenders don’t present the whole picture of the loan without mortgage points. These figures can spell the difference between a hefty mortgage and an affordable one. By paying for mortgage points (also called discount points), you’ll be paying more upfront yet reducing your obligations in the long run.



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