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Im not understanding points and what they mean. Are there 2 different kinds of points? Are there good and bad points?
Anything would be helpful, thank you.
origination fees are usually represented in points.
discount fees are usually represented in points.
they are the same.
points buy a lot of discount right now.
get a gfe with and without points. compare.
real simple.... they payoff on the longrun. get out of the loan(sell/refi) too soon and it is a bad investment.