Buying Points On Mortgage Link

: You can generally only deduct interest (including points) on the first $750,000 of mortgage debt ($375,000 if married filing separately).

Buying mortgage points—also known as —is a strategy where you pay an upfront fee at closing to "buy down" your interest rate. This trade-off trades current cash for long-term savings, potentially reducing your monthly payments and total interest over the life of the loan. How Mortgage Points Work buying points on mortgage

: If you think you'll refinance soon because market rates are falling, paying for a permanent buydown now is a wasted expense. : You can generally only deduct interest (including