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interest rates?

can you buy percentage points for instance if a rate is 7% you buy points to lower the interest

2006-09-10 10:50:15 · 1 answers · asked by clutch1977 1 in Business & Finance ➔ Other - Business & Finance

1 answers

Points are simply prepaid interest. So sure, in theory, if you pay points up front, the remaining interest is at a lower rate. This usually applies to mortgages.

2006-09-10 19:13:58 · answer #1 · answered by Y Answerer 6 · 0⤊ 0⤋

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