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Answers by Michelle Smith
1 answers · 5 pts
What are mortgage points?
Asked by Will | Concord, NH | 03-13-2024
Michelle Smith04-05-2024 (2 years ago)
A point is 1% of your mortgage amount. Think of it as interest that you pay up front. Lenders charge points if you have a lower credit score and also to buy down your interest rate.