Mortgage Points—When To Buy And When To Skip Them

As you plan your mortgage loan, you'll encounter a number of different options—things like how much to borrow, various interest rates, private mortgage insurance, sizes of down payments, and term lengths. One choice you may be able to make is whether or not to buy points. What are mortgage points? When might they be a key to lower costs? And when might you choose other savings options? Here's what you need to know. [Read More]