Should I Pay Points For A Lower Rate?

Back in 2018, the city of Houston Texas had a population of about 2.33 million people, and the population of the Greater Houston metropolitan area was estimated to be a little under 7 ...

Every city has its claims to fame. New York has the Statue of Liberty and the Empire State Building, Los Angeles has the Hollywood sign and the Griffith Observatory. Wherever you go, locals ...

Incorporated in 1935, the city of Gulf Breeze FL is just a 15-minute drive from Pensacola. You will find it right on the coast of the Gulf of Mexico with waterfront access on three of its ...

The city of Pensacola FL is well known for the Pensacola Naval Air Station that is located nearby; but did you know that it’s also a great place to live? That’s right! Living in ...

A previously simple little farming city, 28.2 miles north of Dallas, Frisco, TX is no longer simple, particularly little or much about farming anymore. In the last three decades, the city ...

Pretty much bordering with South Carolina, the city of Charlotte, NC has experienced a steady influx of new residents that come here from all over the country. Whether they want to get ...

When we look at home equity, we instantly think of home equity loans or home equity lines of credit. There is a reason for that, and we’ll get to it in a bit. Firstly, however, ...

As Charleston, SC is located in the middle of South Carolina’s oceanfront, the city manages to attract an increasing number of new residents every year as well as visitors who come ...

The rate charged the borrower each period for the loan of money, by custom quoted on an annual basis. A mortgage interest rate is a rate on a loan secured by a specific property. ...

Someone authorized by the original credit card holder to use the holder's card. While authorized users are not responsible for paying any charges, including their own, they are sometimes ...

The portion of the monthly payment that is used to reduce the loan balance. ...

A mortgage on which half the monthly payment is paid every two weeks. This results in 26 payments per year, which is the equivalent of 13 monthly payments rather than 12. Because of the ...

Proliferation in the number of loan, borrower, property, and transaction characteristics used by lenders to set mortgage prices and underwriting requirements. Nichification is unique to ...

A letter from a lender verifying that the price and other terms of a loan have been locked. Borrowers who lock through a mortgage broker should always demand to see the lock commitment ...

The lender's risk that, between the time a lock commitment is given to the borrower and the time the loan is closed, interest rates will rise and the lender will take a loss on selling ...

An independent contractor who offers the loan products of multiple lenders, called wholesalers. Mortgage brokers do not lend. They counsel borrowers on any problems involved in qualifying ...