You’ve probably heard those mortgage brokers shouting at you that charging points on a mortgage loan is “a racket and a ripoff.”
The Mortgage Professor offers a thoughtful analysis of this question in a recent column, and provides you with a framework for analyzing whether an “investment” in points makes sense.
His conclusion: Paying points pays off more often than many borrowers think.
Draw your own conclusions about who’s advertising a racket and a ripoff.
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