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By Craig Johnson

All Points Bulletin: What Are Points When It Comes to Mortgages?

What are buying points and discount points? Is refinancing different from purchasing? You have questions, so we get right to the point.

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One of the factors that affect the cost of a mortgage are "points." You hear about them in the ads, see them in the fine print. Rates are advertised to be "as low as" some eye-catching number, but the lender often neglects to mention this number only drops so low when discount points are purchased. What are points when it comes ...
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mortgage