Is buying points required?

A new home is available and I plan to buy it as an investment. It is a new construction and I am getting my loan through the builder. They told me that I have to purchase a minimum of 3 mortgage points for our deal to push through. Is this normal? Aren’t points optional? I intend to flip the house in a year so I don’t really need points. by paley1 from Chicago, Illinois. Dec 1st 2021 Reply