👉 Sure! Let's explore this intriguing and somewhat mysterious slang term:
The Mortgaging Points Calculator Imagine a person who takes out a mortgage to buy their dream house, but the lender wants them to take care of its future payments by placing points on top of the interest they charge. This is precisely what comes in handy when you have an affordable rate but want to be prepared for the unknowns. Example Sentence: "Your hypothetical borrower decides to use a mortgage point calculator, looking to avoid high-interest rates and lower monthly payments. The lender's suggestion to take into account these points means they'll need to pay more interest each month than what was planned."
