Are Mortgage Points a Good Deal for Buyers? What You Need
HomeLight
AUGUST 28, 2020
That extra MI cost could override any savings you’d see from discount points — at least until you hit 20% equity on your home, and get rid of your MI payments. I’ve never purchased a home without the seller paying at least 3%,” he adds. A seller concession may be the best of both worlds for the savvy homebuyer.
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