What does it mean to buy points?

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How can you manage your home's expenses?

Ask your lender who is servicing your loan and where to send your first mortgage payment.

How can credit and savings impact your loan?

 

Your credit score and down payment savings are factors in qualifying for a home loan.

 

What can affect the amount of a loan?

Down payment, purchase price, and loan terms and interest rate, affect your loan amount.

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Buying points to lower your rate

Does paying fees directly to the lender in exchange for a reduced rate make sense?

What is a mortgage accelerator program?

Paying your loan off this way can reduce your interest and the duration of your loan.

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