[RANDY P]

Originally Posted by Steve Carlton

From https://www.veteransunited.com/va-loans/va-mortgage-rates/

I'm not familiar with your situation or the ins and outs of VA Streamlines. Just wondering if you can pay points, add them to the loan amount, and keep your payment the same for 15 years.

Yes, you can pay discount points up to the limitations of the lender or maximum fee guidelines. Does it make sense to? Typically it seems to make the most sense during the very early years of home ownership when you have a chance to capitalize on the savings of doing such, like you bought the home only a few years ago and don't foresee selling in the near future, or ever.

The more you pay in fees up front the longer it takes to recoup. Just something to consider if you think you may sell the house eventually. Remember that all gets added to the balance owed. Could be sketchy if your house falls in value for some reason- now you get less equity thanks to the extra fees if that happens.

rjp