Last week we took a close look at mortgages, and for the next few weeks I’ll explore different terms and concepts related to home ownership and buying a house. If you’re getting ready to buy your first home, then check back each Friday for the next couple of weeks to make sure that you know the basics! Also, if there is anything you’d like explained, please leave a comment and let me know! I’ll do my best to cover it.
So, back to the topic at hand, what are mortgage points? Well, the first thing that you need to know is that there are two types of mortgage points—origination points and discount points.