The Point of Points

What are these and why do I need them? Points are one type of fee paid at closing by you to your mortgage lender. There are two types of points: origination and discount points. Origination points are charged to recover some costs of the loan origination process. Depending on the lender, the origination point(s) may [...]

By |2018-08-10T07:26:38+00:00April 7th, 2018|Categories: Mortgage, Purchase|Tags: , , |

Breaking It Down: Understanding Your Home Closing Costs

When you're a first-time homebuyer, the entire concept of closing costs may be elusive and intimidating. You know they're coming, but you have no idea what to expect. Luckily, a little knowledge can go a long way. Fees for loan application services and costs associated with your monthly mortgage—usually referred to as closing costs—can be [...]

By |2018-11-14T03:36:00+00:00March 30th, 2018|Categories: Financial, Mortgage|Tags: , |

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