Tax guide

What are mortgage points?

Table of Contents

FAQ

You got this—all you have to do is start!

We make filing taxes delightfully simple with our flat–rate price. Every feature included for everyone.

Start filing

More Tax Guides

Mortgage points usually cost 1% of your mortgage loan, and they can be used to raise or lower your loan interest. Positive mortgage points, or discount points, lower your interest rate; negative mortgage points, or rebate points, raise your interest rate.

Buying positive mortgage points allows you to essentially prepay your loan interest, and buying negative mortgage points allows you to exchange some mortgage fees for a higher interest rate.

Table of Contents

FAQ

You got this—all you have to do is start!

We make filing taxes delightfully simple with our flat–rate price. Every feature included for everyone.

Start filing

More Tax Guides

It’s not too good to be true. See what others are saying about filing taxes online with 1040.com