Which of the following statements about "points" is FALSE? To determine if paying points is worth it, you need to consider what else you can do with the funds you are committing as points. When you pay points in a mortgage, your monthly payments will increase by the amount of the points. In finance, a "point" is defined as 1 percentage of the total loan amount. The goal of paying points in a mortgage is to get the lender to agree to a lower interest rate on the loan