Do NOT Pay Points To Lower Your Mortgage Rate

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Paying points is one of the biggest mistakes you can make when refinancing or getting a new mortgage. Paying points to lower your mortgage rate sounds like a smart move—but it’s often a costly mistake! Most homeowners never break even, throwing away thousands on upfront costs they’ll never recover. Before you lock in your interest rate, watch this first to find out why paying points could be draining your wallet instead of saving you money!

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