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 | | | Finance
Mortgage origination points
Lenders are paid one of two ways. Either they charge origination points when a loan is written or the hike up your interest rate. Origination points are paid immediately by the loan itself, But a higher interest rate will live as long as the loan does. So if your planning on paying off the mortgage, pay the points. If its just an investment property, it may make more sense to pay the higher rate instead of points. | | | | | | Kenneth in Fort Lauderdale, Florida | Tips Published: 9
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