What are mortgage points and how do they work?
Mortgage points, also known as discount points, let you buy your way into a cheaper loan. But it pays to first do a quick analysis of your break-even point.
7 min read
Sep 30, 2026
Erin Lowry
Expert Reviewer, Personal Finance
EXPERTISE
- Credit cards
- Banking
- Consumer loans and debt management
- Mortgages
- Real estate
- Personal finance
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Meet our expertsAbout Erin
Erin Lowry is the author of the four-part Broke Millennial series, including: Broke Millennial, Broke Millennial Takes On Investing, Broke Millennial Talks Money and Broke Millennial Workbook: Take Control and Get Your Financial Life Together. Erin’s been featured in The New York Times, Wall Street Journal, and on GMA3, ABC News, CBS Sunday Morning, CNBC and The Rachael Ray Show. She has written for The New York Times, USA Today, and other major publications.
Erin's latest articles
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The 10 largest credit unions in the US
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Best Credit Cards for Restaurants of September 2026
Bankrate’s experts have selected these restaurant rewards cards as some of the best matches for frugal foodies and traveling gourmets.
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Types of student loans and how to choose one
Make sure to choose the right type of student loan for your needs.
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The ultimate guide to federal student loans
Before you apply for federal student loans, make sure you understand your options.
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How the Fed rate changes impact student loan interest rates
The Federal Reserve’s actions can influence student loan interest rates.
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How the Federal Reserve impacts personal loans
The Federal Reserve held rates steady at its January 2026 meeting.
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Should I buy a new or used car? Here’s how to decide
There are pros and cons of getting the latest model.
4 min read Sep 17, 2026
