{"id":367,"date":"2025-10-30T08:00:00","date_gmt":"2025-10-30T08:00:00","guid":{"rendered":"https:\/\/bluegreymortgage.com\/?p=367"},"modified":"2025-10-30T08:00:00","modified_gmt":"2025-10-30T08:00:00","slug":"what-does-buying-down-points-mean-in-a-mortgage","status":"publish","type":"post","link":"https:\/\/bluegreymortgage.com\/what-does-buying-down-points-mean-in-a-mortgage\/","title":{"rendered":"What Does \u201cBuying Down Points\u201d Mean in a Mortgage?"},"content":{"rendered":"\n<p>Ever heard the term <em>\u201cbuying down points\u201d<\/em> and wondered what it means? Simply put, it\u2019s a way to <strong>pay upfront to get a lower interest rate<\/strong> on your mortgage \u2014 and that can mean lower monthly payments.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">? Here\u2019s How It Works:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>One <strong>discount point<\/strong> usually costs <strong>1% of your loan amount<\/strong>.<\/li>\n\n\n\n<li>Each point typically lowers your interest rate by about <strong>0.25%<\/strong> (though it varies by lender).<\/li>\n<\/ul>\n\n\n\n<p>So, if you have a $400,000 loan, one point would cost $4,000 and could lower your rate enough to save hundreds per month.<\/p>\n\n\n\n<p>Buying points makes sense if you plan to <strong>stay in your home for several years<\/strong> and want to maximize long-term savings.<\/p>\n\n\n\n<p>At <strong>Bluegrey Mortgage<\/strong>, we\u2019ll help you calculate your break-even point and see if a buydown is the right move for your budget.<\/p>\n\n\n\n<p><strong>Ready to explore your options? Let\u2019s run the numbers together.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ever heard the term \u201cbuying down points\u201d and wondered what it means? Simply put, it\u2019s a way to pay upfront to get a lower interest rate on your mortgage \u2014 and that can mean lower monthly payments. ? Here\u2019s How It Works: So, if you have a $400,000 loan, one point would cost $4,000 and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy-downs"],"acf":[],"_links":{"self":[{"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/posts\/367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/comments?post=367"}],"version-history":[{"count":0,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/posts\/367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/media\/368"}],"wp:attachment":[{"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/media?parent=367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/categories?post=367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluegreymortgage.com\/wp-json\/wp\/v2\/tags?post=367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}