What's a buy-down? |
May. 27, 2009
Categorized in: For Buyers
Tagged with: buying a house, homebuyer, homebuying, homes for sale, how to buy a home, irvine homes, orange county real estate, real estate
On a $100,000 loan, one point equals $1,000. This cost is paid to buy a lower interest rate. If you keep a property 5 years or less, you might not recover this cost . If keep the home a long time, discount points are an excellent upfront investment.
