Interest Rate Points
Points are interest paid in advance to reduce the rate on a loan. One point is equal to 1% of the mortgage amount. The general rule is that 1 point is worth 1/4 of 1% off the loan rate. The decision to pay points for a lower rate is based on how much the seller is willing to contribute to points, how long you plan to stay in the house, and how important lower payments are compared to higher closing costs. You will need to calculate the long-term value of points based on these factors, keeping in mind that points are generally tax deductible in the year paid.

You can set up your own personal consultation with Beth Myers(Plaza Mortgage Services) directly from this website by going to" recommended  links", then click on Pre-QualifyforHomeLoanHere  then click on Free Consultation. 

Beth Myers
HMC
Plaza Mortgage Services
MAC M3416-011
6300 N Lucerne Avenue
Kansas City,  MO  64151
Work - (816)746-7335
FAX - 816-584-8973
Cell - 816-289-9645
Beth.D.Myers@wellsfargo.com