Should You Pay Mortgage Points?
One strategy for lowering your mortgage interest rate and the overall cost of your loan is to pay mortgage points up front. What are mortgage points, how can paying them save you money, and when is that the right choice for you? What are mortgage points? A point is simply one percent of the amount […]
What You Need to Know About Points and Origination Fees
When buying your first house, the terms and conditions of the mortgage process can be confusing. Here’s a primer on two such terms: points and the origination fee. Origination fee. This is the cost that the mortgage company charges you for borrowing money. When you take out a mortgage, it is a new loan in […]