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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. When Should You Pay Points on a Mortgage? - AOL

   www.aol.com/news/pay-points-mortgage-150255736.html

   Mortgage points are fees that you pay your mortgage lender up-front in order to reduce the interest rate on your loan and your monthly payments. A single mortgage point equals 1% of your mortgage ...

6. 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 ...

7. ‘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 ...