Buying a home can be expensive with all its additional fees and costs. That’s why many homebuyers look to mortgage points as a way to lower their rates and save on long-term interest costs. However, ...

Mortgage points, also known as discount points, are fees you pay a lender to reduce the interest rate on a mortgage. Each point typically costs 1% of your loan amount and reduces your interest rate by ...

Mortgage points, also called discount points, are prepaid interest you pay at closing in exchange for a lower interest rate on your mortgage loan. Although points require more cash upfront, prepaying ...