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

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

   In this example, the borrower bought two discount points costing 1 percent of the loan principal, or $3,200 each. By buying two points for $6,400 upfront, the borrower’s interest rate shrank to ...

3. How Much Does It Cost To Buy Down Your Interest Rate? - AOL

   www.aol.com/finance/much-does-cost-buy-down...

   A high mortgage interest rate can make it difficult to afford your monthly payments despite being fully qualified for your loan. If you choose to buy down your interest rate, this can can ease the...

4. ‘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."

5. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Discount points may be different from origination fee, mortgage arrangement fee or broker fee. Discount points are always used to buy down the interest rates, while origination fees sometimes are fees the lender charges for the loan or sometimes just another name for buying down the interest rate.

6. How to get the best refinance rate on your mortgage - AOL

   www.aol.com/finance/best-refinance-rate-mortgage...

   A homeowner who gets a mortgage on a $250,000 home with a 4 percent interest rate for 30 years and a 10 percent down payment pays $1,195 a month, while a 20 percent down payment brings that down ...

7. How much money do you need to buy a house? 6 costs to ... - AOL

   www.aol.com/finance/much-money-buy-house-6...

   Several low- and no-down payment mortgages allow for much less money upfront, though. For example, some conventional mortgage programs backed by Fannie Mae and Freddie Mac require just 3 percent down.