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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 upfront fees you can pay your mortgage lender in exchange for a lower interest rate. Typically, one point costs 1 percent of the amount you borrow and reduces your interest ...

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

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

   Paying two points, or $6,000, to reduce interest on a $300,000 mortgage from 7% to 6.5% would cost $2,722 more over the first three years you own the home than if you’d applied that extra $6,000 ...

4. How to get a low-cost mortgage refinance - AOL

   www.aol.com/finance/low-cost-mortgage-refinance...

   With a refinance like this, though, the extra or higher interest can add up to much more than the original closing costs if you keep the loan for another 15 to 30 years — so if you plan to stay ...

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. 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?

7. How much does a 1% change in mortgage rates actually ... - AOL

   www.aol.com/finance/how-much-does-1-percent...

   Finally, there's good news for homebuyers and for homeowners who want to refinance their mortgages: The 30-year fixed mortgage rate now averages 6.73%, dropping significantly from its 20-year peak ...

8. How to get the best refinance rate on your mortgage - AOL

   www.aol.com/finance/best-refinance-rate-mortgage...

   Ideally, homeowners should consider refinancing if they can shave one-half to three-quarters of a percentage point off a mortgage loan, says Greg McBride, CFA, chief financial analyst for Bankrate.

9. When should you refinance your mortgage? - AOL

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

   By refinancing, you’d save about $220 on your monthly payments and nearly $30,000 in interest payments over the life of the loan, and it would take you about three years to recoup the closing ...