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

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

   Mortgage points are the fees a borrower pays a mortgage lender to get a lower interest rate on their loan. Doing so lowers the overall amount of interest they pay over the mortgage term.

3. 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 ...

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

   www.aol.com/mortgage-points-exactly-190013333.html

   In most cases, a mortgage point is 1% of your mortgage loan amount, purchased at closing, that reduces your interest rate by 0.25%. On a $300,000 loan at 7% interest, one point would cost $3,000 ...

5. 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 ...

6. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant. [2] Mortgage calculators are frequently on for-profit websites, though the Consumer Financial Protection Bureau has launched its own public mortgage calculator.

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 ...