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

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

   If you sell the home after only a few years, or refinance the mortgage or pay it off, buying discount points could lose you money. Here’s an example of how discount points can reduce costs on a ...

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. What Are Mortgage Points? - AOL

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

   Getting a low interest rate on mortgage can make buying a home or refinancing an existing loan affordable. You could wait for mortgage rates to drop before applying for a loan but buying mortgage ...

6. Home Affordable Refinance Program - Wikipedia

   en.wikipedia.org/wiki/Home_Affordable_Refinance...

   The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify.

7. Mortgage and refinance rates for Feb. 12, 2025: Average rates ...

   www.aol.com/finance/mortgage-and-refinance-rates...

   A mortgage point could cost 1% of your mortgage amount, which means about $5,000 on a $500,000 home loan, with each point lowering your interest rate by about 0.25%, depending on your lender and loan.

8. Can I Deduct Mortgage Points on My Taxes? - AOL

   www.aol.com/finance/deduct-mortgage-points-taxes...

   Purchasing mortgage points allows you to "buy down" the interest rate on a home loan. Doing so may result in a lower monthly mortgage payment and save you money on interest charges over the long term.

9. When should you refinance your mortgage? - AOL

   www.aol.com/finance/when-to-refinance-mortgage...

   Refinancing a mortgage is when you take out a new home loan to replace your current one. If you bought your home when interest rates were higher than now, refinancing could be a way to save on ...