regarding pointsi want to know how points work excactly when u are looking for intrest rates for fha home loans, i do know u pay but give me an example if it says 5.75 with 1 point how much does that mean i would pay to bring it down to 5.5 it it is one point on a $240,000 homeJune 02 2009 - South Gate00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.