Exchange Currency

rate/point breakeven

The time in which a borrower must keep possession of a mortgage for it to pay well enough to pay points and lower the rate.

Related information about rate/point breakeven:
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    May 2, 2011... life of the contract. Rate/point breakeven. The period you must retain a mortgage in order for it to be profitable to pay points to reduce the rate.
     
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    Rate/point breakeven ~ The period you must retain a mortgage in order for it to be profitable to pay points to reduce the rate. Rate/point options ~ All the ...
     
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    ... “b” is the maximum at all subsequent adjustments, and “c” is the maximum increase over the initial rate during the life of the contract. Rate/point breakeven ...