What are Discount Points and Should I Buy Them?
There are so many specialized terms in real estate finance. One of the trickier ones that has a real impact on the long-term cost of your mortgage is “discount points,” sometimes referred to as “mortgage points.” If your lender starts describing how to buy down points and you feel lost, don’t worry. We’ll explain all […]
Today’s Adjustable-Rate Mortgage Could be a Good Option
Most of us who watched the fallout of the housing crash of 2008 and subsequent Great Recession have heard that adjustable rate loans made by subprime mortgage lenders were to blame. Because of the crash, borrowers have been wary of adjustable rate mortgages (ARMs), but that is rapidly changing. It’s worth examining why ARMs are […]
Frequently Asked Questions About Rate Locks
If you’ve already begun researching what it means to buy or sell a home, you’re probably well-aware that in the world of real estate, numbers can change every day. You might also know what a rate lock is. Rate locks can be great tools to protect your budget as you go through the origination process […]