How do I evaluate points for a mortgage loan?

Answer Mortgage points refer to a closing cost that borrowers have the option to pay when the loan is taken out. The more points that are paid, the lower the interest rate on the loan.ConsiderationsEach p... Read More »

Top Q&A For: How do I evaluate points for a mortgage loan

How do I manage points on a mortgage loan?

Analyze the purchase of a discount point on a loan by calculating the break-even point. A point is a fee paid to purchase a lower interest rate. It is only worth it to the borrower to purchase the ... Read More »

Is it better to get a shorter loan mortgage term or prepay on a longer loan?

On One Hand: Short Tem Mortgages Tie Your Hands.A short term mortgage forces you to spend more money on your house payment than you would under a longer term loan. This means that there is less mon... Read More »

Is it Better to Get a Shorter Loan Mortgage Term or Pre-Pay on a Longer Loan?

There are many benefits to listed job descriptions. It makes it easier to fill the position and gives employees a clear description of what they would do on a day to day basis if hired. However, th... Read More »

How to Evaluate a Refinancing Mortgage Offer to Find If it Is Worthwhile?

Mortgage refinancing is a loan process that creates a new mortgage loan and pays off your current mortgage. The benefits of refinancing are worthwhile if you decrease the cost of financing your hom... Read More »