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Frequently asked questions

Does buying mortgage points increase my closing costs?

Yes, purchasing points will increase your closing costs. Borrowers who purchase points are paying an upfront fee to “buy down” the interest rate on their mortgage by a certain percentage. For some, paying more at closing makes financial sense because of the savings they will accrue over time with the lower interest rate. To see personalized mortgage rates and get an understanding of whether purchasing points might be worth it for you, get pre-approved.