Go to main content
West Virginia FCU
West Virginia FCU
Skip Slideshow
  • Int - Wolfe Creek NRG - W
  • Int - Deer at Pipestream - W
  • Int - Babcock Kayaker - F
  • Int - Downtown Charleston - W
  • Int - Sandstone Falls - F
  • Int - Green Bank Telescope - W


What are points?

Points are finance charges paid to the lender as part of the closing costs.  Each point equals 1% of your total mortgage loan.  Points can be negotiable and are sometimes tied to your interest rate.  Paying more points to get a lower interest rate may be a good idea if you plan to take a long-term loan. 

This answer has been viewed 2842 times.
Go to main navigation