NOTICE: We're upgrading our core banking system to continue providing the latest banking technology and superior customer service.
In observance of Indigenous Peoples' Day, we will be closed on Monday, October 10.

What does it mean when people pay for points to decrease their interest rate?

Mortgage points, also known as discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. Olyfed does not have a program in place to allow borrowers to purchase points.

Category: Home Loans