When someone is at that point in life where he can finally afford to buy a vacation home, considering a few things is critically important to make the right decision. And here we’re not talking about the type of home he should purchase but about all the financial aspects that can turn his life upside […]
Purchasing a home is a stressful and somewhat difficult process. Unexpected home buying fees can add to the complexity of the situation and create a bigger financial burden than was originally planned for. That’s why it’s important to prepare for these potential fees before reaching the closing table.
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 […]
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 […]
Great service you guys! I couldn’t be happier and if the economy keeps turning around I’ll be in touch about a vacation property – ‘fingers crossed’! Thanks!