Home Loans 101: What are Discount Points? - Nuline Funding Inc.
Home Loans 101: What are Discount Points?
Discount points refer to a prepaid interest or fee that buyers can purchase to lower the interest on their monthly payments. Essentially, you'll pay more upfront on your mortgage to pay less in the long run.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.