Skip To Content

    What is a Point?

    A point is one percent of the mortgage amount paid to a lender to reduce the interest rate.

    Points are considered pre-paid interest and deductible to buy, build or improve a principal residence. However, points paid on refinancing must be ratably deducted over the term of the mortgage except for the portion used to make capital improvements.

    Trackback from your site.

    Leave a Reply