« Las inversiones inmobiliarias siguen siendo una buena opción | Hipotecas | Valor de Mi Casa Ampliar Lineas de Credito » | Acerca de Hipotecas
Pros and Cons Buying Points Lower Mortgage Interest Rates
Many borrowers who bought points to lower their mortgage rates at a time when interest rates were falling and property values were rising came out behind, and were less likely to take advantage of opportunities to refinance their loans, a new study concludes.
For mortgages originated between 1996 and 2003, less than 2 percent of home buyers held their loans long enough to justify buying points, according to the study, "Do Borrowers Make Rational Choices on Points and Refinancing?"
The study's authors, Abdullah Yavas, research director of the Institute for Real Estate Studies at Penn State's Smeal College of Business, and Yan Chang, senior economist at Freddie Mac, analyzed 3,785 mortgage loans.
Hipotecas Prestamos December 22, 2006 10:55 PM | Proceso de Prestamos | La Compra de Una Casa | Comprar Casas Embargadas
The Real Estate Market - The Latino Real Estate Market - About Homes and Condos - Home Buying Preparations - About Refinancing