What Are Points? Should I Pay Points?

Should I pay points? What Are Points? Should I Pay Points? Paying points lowers your mortgage interest rate. Answer the question Do I Pay Points Or Not based on Money, Budget, and Time. You need to consider how long you are going to stay in your home to really see if it is worth the extra money.

Should I pay points for a mortgage?

Do Not Get Fooled By The Yield Spread Premium

What is yield spread premium? Yield Spread Premium is the difference between a mortgage broker and mortgage lender. Mortgage Brokers disclose Yield Spread Premiums on the Good Faith Estimates and Mortgage Lenders do not. (what is YSP)

First Time Home buyer articles

Expenses During The Mortgage Loan Process Explained Part 3

This is part 3 of 3 in a series of articles discussing the expenses of getting a mortgage for buying a home or for refinancing your current mortgage. Some expenses in the mortgage process are unavoidable and have to be paid. (click for Full Article)

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Expenses During The Mortgage Loan Process Explained Part 2

You can consider the expenses of buying a home in three categories: the expenses before my loan is approved, the expenses I can negotiate with my lender, and the expenses that I cannot really negotiate. This article covers fees you can negotiate with you lender. (click for Full Story)

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Expenses During The Mortgage Loan Process Explained Part 1

So you are shopping for a mortgage. Have you been asked to pay an application fee? Did you pay it? Is it refundable? These items are addressed in this article. Some expenses are good to pay and others are not. This is part 1 of 3 covering the expenses of getting a home purchase or refinance mortgage.(click for Full Story)

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