Buying a house is an exciting and sometimes scary process. After all, you’re making one of the biggest purchases of your life! Before you start house hunting, it’s important to know the factors that will determine what mortgage you can afford. Here are 5 key aspects to consider when figuring out the answer to this […]
Homeownership is a big step, but it can be an incredibly rewarding experience if you’re ready for it. Before taking the plunge and getting a mortgage loan, there are some important questions you should ask yourself. From your budget to settling down, here are 5 questions to consider before buying a home. 1. Am I […]
What Does APR Stand For? An annual percentage rate (APR) is a standardized way of expressing the interest rate on a loan. It is a metric that is used to compare different loans and help consumers understand the true cost of borrowing money. The APR takes into account not only the interest rate on a […]
Mortgage points, also known as discount points or simply points, are fees paid directly to the lender at closing in exchange for a reduced interest rate on a mortgage loan. One mortgage point is equal to 1% of the total loan amount you pay. If you’re borrowing $250,000, one point would cost $2,500. But are […]
Homeownership is ranked as the top accomplishment by Americans. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying a home this year, here are some of the benefits […]