2671: What Are Mortgage Points (And Should You Buy Them)? by Jeff Rose of Good Financial Cents
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 2671:\nJeff Rose of GoodFinancialCents.com demystifies mortgage points, shedding light on their potential benefits and drawbacks. He navigates through the intricacies of buying points to lower interest rates, the considerations of homeownership duration, and the fluctuating real estate market, offering valuable insights for those pondering this financial decision.\nRead along with the original article(s) here: https://www.goodfinancialcents.com/mortgage-points-should-you-buy-them-what-are-they/\nQuotes to ponder:\n"Pay $3,000 for a point now, and you could save that much and more later on over the course of the loan."\n"The real value of a point is not always so simply calculated."\nEpisode references:\nIRS Topic no. 504, Home mortgage points: https://www.irs.gov/taxtopics/tc504\nLearn more about your ad choices. Visit megaphone.fm/adchoices