First, let's pinpoint the current average life of a mortgage loan. (iloanhomemortgage.com)
Purchasing mortgage points can save you a lot of money over the whole life of a mortgage loan and can also provide you with lower monthly payments by granting a reduction on the interest rate you have to pay for the money borrowed. (badcreditloanservices.com)
If monthly payments became unaffordable, you can refinance and obtain lower installments; If you think you are paying too many interests you can refinance and get a lower APR or a shorter term and save thousands of dollars over the whole life of the mortgage loan. (fastguaranteedloans.com)