Many lenders offer custom point increments including 0.25, 0.5, 0.75, 1, 1.5, and 2 points. The rate reduction scales roughly linearly with the number of points.
Ask your lender about their available point options. Not all lenders offer every increment, so shop around if you want a specific amount.
Available Increments
Patrick Kevin Fagan explains available increments for homebuyers in San Antonio and the Texas Hill Country. A guide to custom point amounts and how to choose the right increment for your mortgage.
Rate Scaling
Patrick Kevin Fagan explains rate scaling for homebuyers in San Antonio and the Texas Hill Country. A guide to custom point amounts and how to choose the right increment for your mortgage.
Lender Options
Patrick Kevin Fagan explains lender options for homebuyers in San Antonio and the Texas Hill Country. A guide to custom point amounts and how to choose the right increment for your mortgage.
Choosing the Right Amount
Patrick Kevin Fagan explains choosing the right amount for homebuyers in San Antonio and the Texas Hill Country. A guide to custom point amounts and how to choose the right increment for your mortgage.
