Which is Worse, a Higher Interest Rate or More Points?
Saving a lot of money on a mortgage isn't all that complicated. Get a lower interest rate and save. Get a higher interest rate and pay more. So, shopping around for the best interest rate can be very beneficial to your bottom line.
Have you ever wondered where a point enters into the equation? Though it can be very confusing, don't overlook the number of points you pay on your mortgage.