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2. Mortgage points: What are they and how do they work? - AOL

   www.aol.com/finance/mortgage-points-192840885.html

   In this example, the borrower bought two discount points costing 1 percent of the loan principal, or $3,200 each. By buying two points for $6,400 upfront, the borrower’s interest rate shrank to ...

3. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can ...

4. Mortgage Points: What Exactly Are They? - AOL

   www.aol.com/finance/mortgage-points-exactly...

   Mortgage points can reduce the interest rate on your loan, but they don't always save you money. Find out whether to buy them or skip them for your home purchase.

5. ‘Discount Points’ Could Lower Your Mortgage Payment ... - AOL

   www.aol.com/finance/discount-points-could-lower...

   If you're buying a home in a high interest rate environment, there's a handy little hack that can enable you to reduce your rate over time, known as "discount points" or "buying down the rate ...

6. Buying down mortgage rates wasn’t worth it in 2023, experts ...

   www.aol.com/finance/buying-down-mortgage-rates...

   As mortgage rates launched to 23-year highs in 2023, more homebuyers paid extra discount points to buy down their mortgage rate. ... One point typically costs 1% of the loan amount. On a $400,000 ...

7. What Are Mortgage Points? - AOL

   www.aol.com/mortgage-points-203635163.html

   You could wait for mortgage rates to drop before applying for a loan but buying mortgage points is another option. Also referred to as discount points, mortgage points allow you to reduce the ...

8. Should you pay 'points' to get an extra-low mortgage rate? - AOL

   www.aol.com/news/pay-points-extra-low-mortgage...

   You can buy your way to a lower interest rate. Is it worth it?

9. Mortgage Points Can Be a Good Idea in Today's Market - AOL

   www.aol.com/news/2012-08-23-mortgage-points-can...

   It's one of the first questions a mortgage borrower faces, and many simply reject the extra payment as an excessive cost with uncertain benefits. But in today's market, points can