A point is prepaid interest; so buying points is paying part of your mortgage interest upfront instead of over the life of ...
Buying mortgage points can help you save on interest over the life of your loan, but Internal Revenue Service rules are strict about when and how you can deduct them. Understanding property type, loan ...
You may be familiar with the idea of “buying down” your mortgage. This practice involves buying mortgage points, also known as discount points, or paying upfront fees to lower your mortgage’s interest ...
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