 TITLE: Should I Buy Mortgage Points? CONTENT: Scenarios Where Buying Mortgage Points May Make Sense\n-----------------------------------------------------\nUnderstanding how much points cost, the impact on your monthly payments and your break-even point is a good place to start. From there, you can consider your specific situation to determine if buying points is a smart idea.\nGenerally, buying mortgage points could make sense when:\n*   You plan on living in the home beyond the break-even point.\n*   You likely won't benefit from refinancing your mortgage before the break-even point.\n*   Buying points won't strain your finances.\nHowever, if you need the cash for other expenses—such as moving, remodeling or monthly bills—you want to make sure buying points won't leave you in a bind. Additionally, if you plan on selling the home soon, or you think you might refinance, the savings from buying a lower interest rate will be limited.\nIn fact, if you suspect you might not stick with the same mortgage for long, it could make more sense to ask for lender credits rather than buying mortgage points. Lender credits could basically be seen as _selling_ points rather than buying them, because the lender pays you to accept a higher interest rate. It can make sense if you're having trouble affording a down payment or the closing costs. Or if you suspect you may move or refinance soon. END