Is 1/2 a discount point reduction on a mortgage a good deal?

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I’m buying a new home and my builder wants me to add some changes that will cost $ 1000. I’ve been told the builder will buy down the loan to 1/2 a discount point. I’m getting a thirty year fixed loan and will probably stay in the house for 5 to 7 years. Is worth it?

1 Comment
  1. Reply
    alakaybee
    February 3, 2011 at 8:13 am

    It probably is worth it, but ask them to buy it down a whole point. The upfront cost to them may be worth selling a house,and save you some $ $ $ $ $ $ $ $ $

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