What Are The Pro’s And Con’s Of Paying Points On Your Mortgage Rate?

A point for a mortgage is equal to one percent of the total mortgage cost. Therefore, if your mortgage is $300,000 one point will equal $3,000, one half point will equal $1,500 and one quarter point will equal $750.   There are two types of points. Discount points are applied to reduce the interest rate […]

Tips For First Time Home Buyers

When you have decided it’s time to purchase your first home there are many things to consider. Although it will be hard you need to base your decision on facts and not make a purchase based on emotions. First you need to determine how much you can realistically afford to spend for a home. If […]