Sentences with phrase «whole life of the mortgage loan»
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.
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Even with the additional costs that they represent, you will still save a lot of money by not having to pay the private mortgage insurance premiums every month through the whole life of the loan.
This may increase your mortgage installments slightly but will definitely get you a lower rate and you will save thousands of dollars over the whole life of the loan.