Buying mortgage points can help you save on interest over the life of your loan, but Internal Revenue Service rules are strict about when and how you can deduct them. Understanding property type, loan ...

Mortgage points, also called discount points, are prepaid interest you pay at closing in exchange for a lower interest rate on your mortgage loan. Although points require more cash upfront, prepaying ...

Buying a home can be expensive with all its additional fees and costs. That’s why many homebuyers look to mortgage points as a way to lower their rates and save on long-term interest costs. However, ...