What are mortgage points and how do they lower your interest rate?

… When you use financing to buy a house or apartment your monthly mortgage payments … credit one of the ways to lower the cost of borrowing is to buy mortgage pointsalso known as buying down the rate … for your transaction she says An important consideration in NYC for buyers is having enough to pay your closing costs …

By Jennifer White Karp |July 15, 2021 - 4:00PM