Are there any discount points or origination fees?

Not always but usually origination fees and discount points are optional. It depends on your loan and goals.

• • Origination Fees
    •  A fee your lender charges to process your mortgage.
    • Typically cost: 0.5%–1% of the loan amount.
    • Are they required? Usually yes, but it can sometimes be negotiated or offset by a slightly higher interest rate (no-fee loans).
  • Discount Points
    • Optional upfront fees you pay to “buy down” your interest rate.
    • 1 point = 1% of the loan amount.
    • Points can typically reduce your interest rate by 0.25% per point, but this can vary by market conditions.
    • They are best for buyers who plan to stay in the home long-term.