I know it’s stupid, and it’s seems like I just couldn’t find anything related to the calculation part. I asked my bank many time, the more they explained the more I got confused.
I just want to ask: If 7.125% is no points, from interest rate 7.125% down to 6.5%, how many points will it be if I want to purchase?
Does this make sense to you in below from my bank? This is what he wrote:
45 day lock: 7.125%, no points 6.875%, cost .334% in points 6.5%, cost 1.00% in points
Thank you very much!
Submitted October 27, 2022 at 11:32PM by nyc326 https://ift.tt/E3fXNAS
