{"id":14410,"count":2,"description":"Points are a form of pre-paid interest. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can offer to pay a lender points as a method to reduce the interest rate on the loan, thus obtaining a lower monthly payment in exchange for this up-front payment.\nPaying Points represent a calculated gamble on the part of the buyer. There will be a specific point in the timeline of the loan where the monies spent to buy down the interest rate will be equal to the monies saved by making reduced loan payments resulting from the lower interest rate on the loan.\nSelling the property or refinancing prior to this break-even point will result in a net financial loss for the buyer while keeping the loan for longer than this break-even point will result in a net financial savings for the buyer. The longer you keep the property financed under the loan with purchased...","link":"https:\/\/www.skateboarding-lessons.com\/go\/tag\/points\/","name":"Points","slug":"points","taxonomy":"post_tag","meta":[],"_links":{"self":[{"href":"https:\/\/www.skateboarding-lessons.com\/go\/wp-json\/wp\/v2\/tags\/14410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.skateboarding-lessons.com\/go\/wp-json\/wp\/v2\/tags"}],"about":[{"href":"https:\/\/www.skateboarding-lessons.com\/go\/wp-json\/wp\/v2\/taxonomies\/post_tag"}],"wp:post_type":[{"href":"https:\/\/www.skateboarding-lessons.com\/go\/wp-json\/wp\/v2\/posts?tags=14410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}