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Buying points

So I’m looking to sell my home to move to a bigger home mainly because of the school district for my daughter this will be my forever home at least for the next 18 years as of now I have a 2.5% interest rate and I’m looking to buy points to qualify for the mortgage looking like I’ll have to buy at least four points I know that’s a lot of money wasted but the area and the schools elementary middle and high school are great schools and I’m mainly concerned about my kids growing up with the same friends and having a good education some people are telling me that I’m buying too many points but I feel that as if I am planning on living here for at least 20 years it’s a good idea I’m curious to hear your guys opinions. Hopefully rates come down lower planning on refinancing later. Also I’m getting the mortgage solo my wife is working also but we don’t want to carry the debt on both of our reports so she can get a rental in the future

Home price $450k Point $22,500 3.5% down I have 40k to spread between point and down payment

submitted by /u/rymaxx89
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source https://www.reddit.com/r/RealEstate/comments/14k9dh6/buying_points/
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