points

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4 Must-Know Facts about Mortgage Points

By Jon Clark / November 7, 2018
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When you obtain a mortgage, your lender may charge “mortgage points.” What does this mean, and how can the concept be used to your advantage? A single mortgage point is equal to one percent of the total mortgage amount. For…

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The Point of Points

By Mary Mack / April 7, 2018
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What are these and why do I need them? Points are one type of fee paid at closing by you to your mortgage lender. There are two types of points: origination and discount points. Origination points are charged to recover…

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