ESTIMATE
YOUR CLOSING COSTS
A
Point is one percent of the loan which can be a positive (discount
point) or a negative (rebate point). It can be a fee or a
credit that can be added or subtracted from your closing costs.
How
Points and Rebates Work
Points can buy down your interest rate and increase your closing
costs. Rebates will do the opposite. Strategies on 
Discount
Points
You can use discount points to control the cost of your mortgage.
Points
and Taxes
Points are tax deduction.
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