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2. Mortgage points: What are they and how do they work? - AOL

   www.aol.com/finance/mortgage-points-192840885.html

   In this example, the borrower bought two discount points costing 1 percent of the loan principal, or $3,200 each. By buying two points for $6,400 upfront, the borrower’s interest rate shrank to ...

3. How to get the best refinance rate on your mortgage - AOL

   www.aol.com/finance/best-refinance-rate-mortgage...

   Improving your credit score is one way to get the best mortgage refinance rate. You can also consider buying discount points or paying your closing costs upfront to whittle the interest rate down ...

4. No-closing-cost refinance: What it is and how it works - AOL

   www.aol.com/finance/no-closing-cost-refinance...

   Discount points: If you opt to buy ... Bankrate’s mortgage refinance calculator can help you determine the actual savings and costs of refinancing your current mortgage. Other ways to lower ...

5. Mortgage Points: What Exactly Are They? - AOL

   www.aol.com/finance/mortgage-points-exactly...

   In most cases, a mortgage point is 1% of your mortgage loan amount, purchased at closing, that reduces your interest rate by 0.25%. On a $300,000 loan at 7% interest, one point would cost $3,000 ...

6. When should you refinance your mortgage? - AOL

   www.aol.com/finance/refinance-mortgage-152541677...

   $4,000 / $150 = 26.6 months. So, if you were to close your new loan today, you’d officially break even just over two years and two months from now. If you live in the home for five years after ...

7. Are cash-out refinance rates higher? How to get the best rate

   www.aol.com/finance/cash-refinance-rates-higher...

   “As with any mortgage refinance, you’ll get the best terms with a credit score of 740 or better,” says McBride, “but borrowers with credit scores of 680 to 739 can still get very ...