Ok, so the title line says it all: What are points? In terms of being associated with a mortgage. I think they are used to somehow figure out rates, but, yeah, actually, I have no clue. Also, what is a decent/good deal in terms of the way they are figured into your mortgage? Also, if you get pre-approved through one lender, do you have to use them? I realize that if you don't, you have to go through the credit check again and all that, but what do you all think? Muchas gracias!