What does it mean to buy points?
Factor in principal and interest, property tax and homeowners insurance to your payment.
Ask your lender who is servicing your loan and where to send your first mortgage payment.
Your credit score and down payment savings are factors in qualifying for a home loan.
Down payment, purchase price, and loan terms and interest rate, affect your loan amount.
Does paying fees directly to the lender in exchange for a reduced rate make sense?
Paying your loan off this way can reduce your interest and the duration of your loan.
Compare today’s rates in your state for a 30-year fixed, a 15-year fixed and a 5/1 ARM (Adjustable Rate Mortgage), where the interest rate can vary after the first five years.
You can estimate your monthly mortgage payment if you have an idea of how much your new home will cost.