Warning Icon

Latest Updates on COVID-19

UPDATE: Beginning Monday, March 23 we will have modified branch hours. Review details and our latest update on COVID-19.   Learn More

Close Warning Icon

What are mortgage points?

Frequently Asked Question

Points can be purchased to lower the interest rate over the life of a mortgage. Points are based on the percentage of the amount borrowed. With a $100,000 mortgage, for example, 1 point is equal to 1% of $100,000, or $1,000.