Buying points on your mortgage is used to buy down your mortgage rate.  So the more points that you, the lower your interest rate will be.   But is it really beneficial to pay more money in upfront costs to get a lower interest rate?  The answer to this question depends on your personal financial situation and how long you plan on living in the home or having the mortgage in place.   Each point that you buy costs you one percent of your mortgage amount so buying points can add up.   For example, if you are establishing a $200,000 and you choose to buy two points, you will be paying $4,000 in points.    The next question is how much lower will my rate be if I buy .5 point, 1 point, 1.5 points, or 2.0 points?   If you are interested in buying points to lower your rate, please call and speak to a loan officer to find out how much lower your rate will be and if it makes sense.