Hellobee Boards

No, but I forget why not. Most likely because I didn't have the money. It was hard enough to qualify and get the house/loan as it was.

I don't understand why your lender cares either way though... they either get the "extra money" now (in the form of points) or they get it through a higher interest rate for the life of your mortgage.

We bought points with our initial mortgage and it ended up being the wrong move because we refinanced soon after to a lower rate. But given the fact that I don't have a crystal ball, it seemed like the right thing to do at the time.

We didn't for either house, but it depends on how long you plan on being at the house and your current financial stand point (but you already mentioned you rather not above). I would ask them to prepare a schedule with and without the points so you can see how much it affects you and if buying points is more beneficial for you. Sometimes, it doesn't make a big difference at all. I would be more concerned with PMI because that can range from nothing to a few hundred bucks depending on your loan amount!

A mortgage is the cheapest loan you can get, do it's better to invest that money since you can get a higher return.