Paying Discount Points
When you refinance your mortgage, your First Horizon relationship manager may offer you a range of interest rates (APR) at different amounts of points. As a general rule, each discount point costs 1% of the loan amount and will reduce the interest rate by 1/8 to 1/4%. You will pay the cost of the points at closing, so consider how much you can afford to pay up front before accepting a loan with more points. You may be able to add the cost of the points to your loan and finance them. However, if you do, you will pay interest on the points for the life of the loan, which will increase your monthly payments.
File: dsp_RightColumn.cfm
Expression
Element FHNC_LOCATION is undefined in COOKIE.
The contents of the tag stack are:
1: ?? (377,0) /opt/GenWebSites/www.firsthorizon.com/global/dsp_RightColumn.cfm
2: CFINCLUDE (126,0) /opt/GenWebSites/www.firsthorizon.com/lay/lay_2006.cfm
3: CFINCLUDE (286,0) /opt/GenWebSites/www.firsthorizon.com/fbx_fusebox30_CF50_nix.cfm
4: CF_FBX_FUSEBOX30_CF50_NIX (258,0) /opt/GenWebSites/www.firsthorizon.com/fbx_fusebox30_CF50_nix.cfm
5: CF_FBX_FUSEBOX30_CF50_NIX (1,0) /opt/GenWebSites/www.firsthorizon.com/fbx_fusebox30_CF50_nix.cfm
6: CF_FBX_FUSEBOX30_CF50_NIX (1,0) /opt/GenWebSites/www.firsthorizon.com/fbx_fusebox30_CF50_nix.cfm
7: CFINCLUDE (51,0) /opt/GenWebSites/www.firsthorizon.com/index.cfm
Timestamp: 08/08/2008 at 16:37:25
Server: www.firsthorizon.com