A couple outside looking at their new home

A couple outside looking at their new home

Home Financing Library

Interest Rates

Several Factors Affect Your Mortgage Rate

Learn about all of the different factors that can change the interest rate of a mortgage.

Annual Percentage Rate (APR)

The true cost of the loan to the borrower expressed in the form of a yearly rate.

Lock In Your Interest Rate

What is a rate lock for and why do you need one.

Closing Costs Explained

Closing costs are the actual expenses that the lender incurs in the origination of a new home loan.

Should I Pay Points

A point is an upfront fee that reduces your monthly interest rate and total interest due over the life of the loan.