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You should know a few things about discount points and origination fees before applying for a loan. It varies at different lenders but commonly each “point” equals 1% of the loan amount. That means 2 points on a $100,000 loan cost $2,000! The more points you have, the lower the interest rate because they “buy down” the interest rate. They are also tax deductible no matter if the seller pays some (or all) of the points or not. Just make sure you are wary of your lender charging origination fees in addition to points. That makes a difference in the end cost.
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