On the most basic level, mortgage points, also referred to as discount points, are essentially a form of prepaid interest that you can choose to pay up front in exchange for a lower interest rate and monthly payments. This is known as “buying down” your interest rate.

In this blog post, I’m specifically addressing financing options available to people who feel confident with a mortgage payment, but are a little spooked by the down payment required.

Word of the Week (or should I say the year 😅): Interest Rates. Because I absolutely refuse to let you put your life on hold and risk missing out on massive opportunities that are right in front of you when it comes to real estate, I’ve done the digging for us both and laid it out so you can easily understand what the heck is going on! Buckle up, class is in session 👩🏼‍🏫