Watch this 1 minute video to learn how discount points may help lower your monthly mortgage payment.
What are discount points?
Discount points allow you to lower your interest rate. They are essentially, pre-paid interest.
1 point = 1% of loan amount
For every point paid upfront on a 30 yr. loan, the annual interest rate is lowered by 1/8, or .625%
Discount Points are tax deductable