What are mortgage points and how do they work?
Mortgage points, also known as discount points, let you buy your way into a cheaper loan. But it pays to first do a quick analysis of your break-even point.
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Meet our expertsErin Lowry is the author of the four-part Broke Millennial series, including: Broke Millennial, Broke Millennial Takes On Investing, Broke Millennial Talks Money and Broke Millennial Workbook: Take Control and Get Your Financial Life Together. Erin’s been featured in The New York Times, Wall Street Journal, and on GMA3, ABC News, CBS Sunday Morning, CNBC and The Rachael Ray Show. She has written for The New York Times, USA Today, and other major publications.
Mortgage points, also known as discount points, let you buy your way into a cheaper loan. But it pays to first do a quick analysis of your break-even point.
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