Tag: Home Financing

Posted on 09/29/2024
Pros and cons: Mortgage points
When buying a home, many homebuyers tend to search for the best mortgage interest rates available. While some may find that perfect rate, others may opt to take advantage of lender-provided options, such as mortgage points. Mortgage points are designed to help buyers bring down their interest rates by paying them ahead of time. Sometimes considered “discount points,”...
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Posted on 08/25/2024
A beginner's homebuying guide
Whether you're new to real estate or a seasoned expert, it can never hurt to consult a homebuying guide. While talking to real estate agents is a great starting point, there are other factors and tasks to consider that complement their support. Here are some of the things to think about as you prepare for your homebuying journey:...
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Posted on 05/19/2024
Home financing: Are mortgage points worth it?
When considering the myriad choices for home financing, homebuyers might wonder, “Are mortgage points worth it?” By paying special fees to the lender, you can sometimes get a lower interest rate. However, the points are no small expense. It’s important to weigh the pros and cons before deciding. What are points on a mortgage? Mortgage points, also called...
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Posted on 05/14/2023
The basics: Recasting mortgage payments 101
Recasting mortgage payments is a little-known gem when it...
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Posted on 09/11/2022
Refinancing: Basic costs and options to remember
Many homeowners have at least entertained the idea of mortgage refinance. Common questions about refinancing costs, closing costs and how the process might impact a current mortgage loan are just a few of the queries swimming around in the refinancing conversation. Don’t worry. There are a few general topics that can easily answer these questions and a slew...
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Posted on 08/14/2022
Pros & cons of no-closing-cost refinancing
Refinancing your home can have a plethora of benefits. Among lowering your monthly payment, refinancing your home can also allow you to borrow against your home’s equity. However, refinancing in the beginning can have significant closing costs, such as application fees, loan origination fees, mortgage insurance and interest - especially when involving mortgage points. Your new mortgage’s closing...
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