What is 1 point regarding mortgage rates?

Answer Mortgage points represent charges assessed at the closing of the mortgage that are charged by the lender. You must pay origination points while you can choose how many discount points to pay.CostOn... Read More »

Top Q&A For: What is 1 point regarding mortgage rates

Why Are Auto Rates Different Than Mortgage Rates?

Automobiles and real estate are two of the biggest purchases individuals can make. Some people assume they should have similar loan rates and conditions. However, rates differ not only between lend... Read More »

What is the apr on mortgage rates?

In finance and lending, the term APR stands for annual percentage rate. This figure represents the sum of the periodic interest rates on your mortgage or other credit accounts.FunctionThe APR is di... Read More »

What sets mortgage rates?

Mortgage rates depend on the money supply, or "liquidity" of our economic system and rules set by organizations that guarantee mortgages. Each federally guaranteed lender offers different rates to ... Read More »

What constitutes mortgage rates?

Home ownership is part of the American dream. Of course, most home buyers cannot make the purchase in cash, and secure mortgage financing to buy property. Understanding how mortgages work is critic... Read More »