Discount points
Optional upfront fees (1 point = 1% of the loan amount) paid to lower your interest rate. Each point typically reduces the rate by about 0.25%. Pay points if you plan to stay in the home long enough to break even.
Optional upfront fees (1 point = 1% of the loan amount) paid to lower your interest rate. Each point typically reduces the rate by about 0.25%. Pay points if you plan to stay in the home long enough to break even.