Jacksonville homebuyers frequently have the opportunity to select a loan with a lower interest rate by paying points. A point is equal to one percent of the loan amount. In a $100,000 loan, one point would be $1,000. Typically, points are paid by the buyer out of pocket at closing. While getting a lower interest rate on your Jax Florida property certainly sounds attractive, is it really the best choice? The short answer is it usually depends on how long you plan on staying in your home.  Explore all options before agreeing to pay points and calculate the potential savings, your local Jacksonville Florida lender can assist with any questions you have. If you plan on staying in your Northeast Florida home for many years, paying points may work for you, but if you see yourself moving to a new home in the near future, you would be better off taking the higher interest rate and no points.