Mortgage Factors

April 4, 2010
mortgage_expert_guide_mortgage_key_factors

Understand Interest Rates

If you understand the interest rates, you should know a few things about the basic principles of money lending and loan.
April 4, 2010
mortgage_expert_guide_mortgage_key_factors

Understand Points

Not only are there interest rates to deal with, but there are other fees that affect your overall costs, and very few standards to regulate them. One of these things is the "point."
April 4, 2010
mortgage_expert_guide_mortgage_key_factors

Understand Buydowns

In the simplest sense, a buydown is a way to buy a lower interest rate for a certain amount of time - and thus reduce monthly payments.
April 4, 2010
mortgage_expert_guide_mortgage_key_factors

Lock Your Interest Rates

Timing is important to do this right. In a sense, it is a bet on both sides - the borrower bets that interest rates will rise after a certain point, and the lender bets that they will drop at some point.