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There is a lot of terminologies involved in the mortgage application process, and one common term people come across is a mortgage point. What exactly is a mortgage point, and how might impact the price of the loan?
What Is A Point?
Points represent ...
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Last week’s economic reporting included readings from S&P Case-Shiller Home Price Indices and the National Association of Realtors® released its monthly report on pending home sales. Weekly reports on mortgage rates and jobless claims were ...
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Finding a proper mortgage loan and understanding the processing procedures behind the ...
When shopping for a mortgage, it is important to take closing costs into account. While some closing costs are the ...
Last week’s scheduled economic reporting included readings on sales of new and previously-owned homes along with weekly data on mortgage rates and jobless claims.
Home Sales Increase in November
Sales of new and previously-owned homes rose in ...
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Equity is a powerful tool. As homeowners pay off the mortgage, the amount of equity in the house grows. As the house appreciates in value, homeowners accrue even more equity. Then, homeowners can tap into this equity for a ...
The real estate market is rife with terminology that can make a home purchase seem more ...
Last week’s economic reports included readings from the National Association of Home Builders on housing markets and the monthly post-meeting statement from Federal Reserve policymakers. Fed Chair Jerome Powell also gave a press conference. Weekly ...
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The shift from home living to condo life may seem like a minor one, but there are plenty ...
In some homes, garages are used only for car storage. They may ...