This video explains what discount points are for a mortgage. It discusses how discount points are essentially prepaid interest that gets the lender to reduce the interest rate. A comprehensive example is provided to demonstrate how discount points are calculated, and a formula is presented to show how the break-even point can be computed in determining how long the homeowner would need to own the home before the cost paid in discount points would be recovered.


Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD.
Edspira’s mission is to make a high-quality business education accessible to all people.

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