mortgage points - Articles

Mortgage Points Can Be a Good Idea in Today's Market

By Jeff Brown "Should I pay points, or not?" It's one of the first questions a mortgage borrower faces, and many simply reject the extra payment as an excessive cost with uncertain benefits. But in today's market, points can make good sense. The new Consumer Financial Protection Bureau has issued proposed rules to make... Continue Reading »

Mortgage Points: When It's Smart to Pay More Upfront

Pay more now for a chance to save much more later? That's the idea behind paying "points" on a mortgage loan. But it doesn't necessarily make sense for every homeowner. Mortgage points provide an opportunity for borrowers to lower their monthly mortgage payments by paying a lump sum at a loan's closing in exchange for a... Continue Reading »

Mortgage Jargon in Simple Terms

Obtaining a mortgage loan means dealing with a lot of paperwork, from the documents you have to submit to documents you have to read and sign. More often than not, you're dealing with terms and conditions on various mortgage types that may be so difficult to understand that you just want to pull out your hair. But not... Continue Reading »

AOL RealEstate on Facebook