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.
6 min read
Oct 23, 2025
Erin Lowry
Expert Reviewer, Personal Finance
EXPERTISE
- Credit cards
- Debt management
- Personal finance
- Retirement
- Wealth
- Budgeting
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Meet our expertsAbout Erin
Erin 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.
Erin's latest articles
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What is the draw period on a HELOC?
It’s the fun part, when you get your money. But you have to be ready when it ends.
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When should I drop full coverage from my car insurance?
Unlike other necessities, insurance feels intangible. You can’t see or touch it, and you cross your fingers you’ll never use it. You may only think about insurance when you make a payment or need to [...]
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Best credit counseling services
These credit counseling companies can help you get much-needed financial relief.
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How to shop for a mortgage without hurting your credit score
A credit drop is inevitable, but there are ways to minimize it.
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10 high-dividend stocks and how to invest in them
These 10 stocks can give your portfolio a boost of income.
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Is paying an annual fee worth it?
Cards that require an annual fee typically offer good rewards, but are they worth it?
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Best credit cards for streaming services
Get cash back or points for streaming services with one of these rewards cards.
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