A successful refinance can save you tens of thousands of
dollars over the lifetime of your mortgage.
But what are mortgage points and how can they save you some serious cash (like, thousands of
dollars over the lifetime of your mortgage)?
Not exact matches
Increasing your
mortgage interest rate by even half a point can cost you tens
of thousands
of dollars over the
lifetime of a 30 - year loan.
It will also help them qualify and get low rates for things like
mortgages or auto loans, potentially saving them many thousands
of dollars over their
lifetimes.
All this reduces to one big benefit: You'll save money, possibly thousands
of dollars over, for example, the
lifetime of a
mortgage.
Improving your credit can easily save you tens
of thousands
of dollars over your
lifetime since you will likely qualify for better insurance rates and better interest rates on your
mortgage and any other debt you may have.
Over the
lifetime of a
mortgage that difference adds up to tens
of thousands
of dollars.