A half point costs 0.5% of your loan amount and typically reduces your rate by about 0.125%. It is a lower-cost option with a shorter break-even period.
Half a point is a good compromise between no points and a full point when you want some rate reduction without a large upfront cost.
Half Point Math
Patrick Kevin Fagan explains half point math for homebuyers in San Antonio and the Texas Hill Country. A detailed look at buying 0.5 mortgage points and whether it makes sense for your situation.
Break-Even
Patrick Kevin Fagan explains break-even for homebuyers in San Antonio and the Texas Hill Country. A detailed look at buying 0.5 mortgage points and whether it makes sense for your situation.
When Half Point Is Optimal
Patrick Kevin Fagan explains when half point is optimal for homebuyers in San Antonio and the Texas Hill Country. A detailed look at buying 0.5 mortgage points and whether it makes sense for your situation.
Comparison
Patrick Kevin Fagan explains comparison for homebuyers in San Antonio and the Texas Hill Country. A detailed look at buying 0.5 mortgage points and whether it makes sense for your situation.
