In article ,
(D. Gerasimatos) wrote:

In article , Una wrote:

If you are going to prepay, then prepay the principal, not
the interest. Which means: do not buy points! Get a smaller
mortgage or make prepayments as you go along. An advantage
to prepayments is that if your cash flow gets tight, you can
suspend making them.


I disagree with this advice. Buying down the rate can save thousands
over the life of the loan.

But in general, the cost of the points is not worth the
savings in interest.

-john-

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John A. Weeks III 952-432-2708
Newave Communications http://www.johnweeks.com
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