Discount Points Will Lower Your Mortgage Payment

Written by Jason Nelson on May 29, 2015
discount points

Defined as a form or prepaid interest, discount points, or mortgage points, allow consumers to get a lower rate on a fixed-rate mortgage. This indirectly means that mortgage points and interest rates are inversely proportional, each discount point paid lowering the rate by 0.25 percent. Discount points should not be confused with origination points, which […]


Should You Pay Discount Points On Your Home Loan?

Written by Jason Nelson on May 28, 2015
discount points

Anyone thinking about getting a home loan wants a low interest rate, but not everyone will qualify for one. Assuming that the lender doesn’t want to negotiate a lower rate, there’s one more option borrowers should know about: discount points, also referred to as mortgage points. What Are Discount Points? Defined as a fee a […]


Differences Between VA Appraisal and a Home Inspection

Written by Jason Nelson on May 12, 2015
salute

VA appraisals and home inspections are two critical pieces of the home-buying “puzzle.” What many people don’t know is that a VA appraisal is different from a home inspection, each service being designed for very specific purposes. This means that a VA appraisal cannot replace a home inspection, and vice versa.


What Are Appraisal Requirements for a Conventional Loan?

Written by Jason Nelson on April 18, 2015
Florida home

Before a lender offers terms for a conventional loan, an appraiser must evaluate the home’s market value. This protects the lending institution from making a loan that exceeds the value of the property, putting depositor and investor money at risk. Though there are three models for determining the appraised value of a home, the standard […]


How to Easily Refinance a Conventional Loan

Written by Jason Nelson on April 5, 2015
conventional loan

Home refinancing offers homeowners a reward for timely payments and an improved financial situation by allowing them to restructure their mortgage with lower rates and payments. The process to refinance FHA or VA loans into a conventional loan may seem daunting at first, but with expert advice, and the proper paperwork, it’s easier than most […]