Is buying mortgage points worth it?

Updated date: Tuesday, July 8, 2025 - 19:43
Is buying mortgage points worth it?

Mortgage Guide

Paying points to get a lower rate on a mortgage is almost always a losing proposition. That's because most homeowners don't keep their mortgages long enough to do more than recoup the up-front cost of paying points. A point is 1% of your loan amount. If you take out a $250,000 mortgage, 1 point equals $2,500.

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