VA Discount Points
Discount points is a fee you pay the lender to get a better rate. For instance the going rate may be 5.75% but the lender may offer you 5.5% and say its with 1 point, or 1% of the loan amount. Its completely up to you if you choose to pay points to get a better rate, or pay nothing and still get a good rate.
Some lenders when quoting VA interest rates won’t give you a choice, they simply want you to pay the points because doing do means more profit for them.
