Discussing mortgage closing costs with a loan officer is pretty much a homebuyer’s last opportunity to secure the best possible interest rate on a home loan. One way to lower that rate — and your monthly payments — is by purchasing ‘mortgage points.’
Buying points is an opportunity that doesn’t always present itself unless the buyer brings it up, and since many people struggle to save for a down payment and closing costs, adding another fee is usually not an option.
Continue reading What are mortgage points & how do they work? at Movement Mortgage Blog.
from Movement Mortgage Blog https://ift.tt/3gl4IE5
via Naza Finance Blog
No comments:
Post a Comment