Home Financing Library
Learn about all of the different factors that can change the interest rate of a mortgage.
The true cost of the loan to the borrower expressed in the form of a yearly rate.
What is a rate lock for and why do you need one.
Closing costs are the actual expenses that the lender incurs in the origination of a new home loan.
A point is an upfront fee that reduces your monthly interest rate and total interest due over the life of the loan.