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Basing a decision to buy off of insane amounts of equity which I have the pleasure of having made myself is not smart, frankly. While it may give you a sense of peace of mind this is a false sense that is actually costing you more money. Points are often called by different names - such as loan discounts or origination fees - but regardless of their name, they represent money which you - the homeowner - will be required to pay in order to get your mortgage loan. Then they're going to steer you toward investment vehicles that make them the most money.
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If you are the owner of the site, please contact customer care. In this section I will explain the mortgages most commonly chosen, however there may be a number of other options which suit your comfort level and goals better which can be explained by the mortgage companies and lenders you speak with. If you are not able to do this, then you are not ready to purchase a home.
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