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2. Mortgage points: What are they and how do they work? - AOL

   www.aol.com/finance/mortgage-points-192840885.html

   To calculate the “breakeven point” at which you’d recover your outlay on the prepaid interest, divide the cost of the mortgage points by the amount the reduced rate saves each month. Here ...

3. ‘Discount Points’ Could Lower Your Mortgage Payment ... - AOL

   www.aol.com/finance/discount-points-could-lower...

   If you're buying a home in a high interest rate environment, there's a handy little hack that can enable you to reduce your rate over time, known as "discount points" or "buying down the rate ...

4. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can ...

5. The best home loan: how to shop for and compare mortgage offers

   www.aol.com/finance/best-home-loan-shop-compare...

   Lenders may also quote you a low rate made possible by purchasing mortgage points. Also known as discount points, these are upfront fees you pay to lower your interest rate. ... to break even on ...

6. Should you pay 'points' to get an extra-low mortgage rate? - AOL

   www.aol.com/news/pay-points-extra-low-mortgage...

   You can buy your way to a lower interest rate. Is it worth it?

7. How to lower your mortgage payment

   www.aol.com/finance/lower-mortgage-payment...

   If you don’t qualify for a lower rate, you can buy one by purchasing mortgage discount points. A form of prepaid interest, each mortgage point is the equivalent of 1 percent of the principal ...