Financing Points Question

[poohbear158]

I know that the least amount of points to finance is 50 points. Hubby and I were thinking of adding on 100 points to our contract. My guide said that we could do 2 - 50 point contracts and have it financed, but not 4 - 25 point contracts. He said that they don't finance 25 point contracts. I thought that as long as the total was over 25, it could be financed. I'm trying to work my contracts for easy resale just in case that day would ever come (hoping it doesn't, but you never know). Any thoughts?

 

[erionm]

I believe that you would be financing the individual contracts not the total amount of points. The 2 - 50 point add-ons would be 2 seperate loans.

 

[JimMIA]

For resale purposes, I doubt if there would be any difference in marketability between 25, 50, or 100. Certainly no difference between 25 and 50. I think anything 100 points or lower sells very quickly.

 

[Maistre Gracey]

For resale purposes, I doubt if there would be any difference in marketability between 25, 50, or 100. Certainly no difference between 25 and 50. I think anything 100 points or lower sells very quickly.

I agree.. In fact, I wouldn't be surprised that a 50 is better than two 25's since the closing costs are spread among more points.

MG

 

[poohbear158]

I'm going to go with 2 - 50's... thanks so much!!!