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.” This ...

Have you applied for a mortgage loan lately? If so, you are aware of how much mortgage rates have increased over the past couple of years. One method of offsetting the higher rates is to pay discount ...

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 ...

When looking at mortgage offers online, the interest rate doesn't always show the whole picture. Often, the lowest advertised mortgage rate includes 1 or more discount points, which translates to ...

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, ...

Effective August 29, 2026, Pennsylvania enacted House Bill 1103 (the “Bill”) impacting discount points on residential mortgage loans by making amendments to Pennsylvania’s usury code (the Loan ...

Valerie Morris is an editor at Fox Money and a personal loan expert. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned ...

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 ...