Refinancing in Era of Trump

[Hamlette]

6. you should be considering points as well as rate

you can often buy down the interest rate by paying higher points but that might not be advantageous to you. Take the options home, use a calculator and find out what the total cost of the loan will be. Remember too that interest is tax deductible on your house so factor that into the interest/points computation.

Unfortunately, you can't trust your lending institution to do those calculations for you unless you insist. Check the closing costs too, they get put back into what you owe so it might not seem important but it can be.

I hate to pay interest so got pretty good at checking this stuff.