Should I buy points to lower my rate?

It depends on how long you'll keep the loan. Buying points lowers your rate and payment but costs cash up front (one point is 1% of the loan for about a 0.25% rate cut). You profit only if you keep the loan past the break-even.

If you might sell or refinance soon, points usually aren't worth it. We calculate your break-even so you pay points only when the math favors it.

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