buying a loan now

Asked by RG, Santa Clara County, CA Fri Feb 22, 2008

When can I avail the benefit of conforming limit increase?
Can I get a lock period until then?
Or is the only option is to refy later?

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David In Jax, Home Buyer, Jacksonville, FL
Sat Feb 23, 2008
It never makes sense to buy points. Points are a way a lender increases the yield on their loan at the buyer's expense. A smart buyer always stays away from buying points.
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Ramona, Home Buyer, San Mateo, CA
Sat Feb 23, 2008
I have another question: Does it make sense to buy points now?
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