Posts Tagged ‘paying points’

No Down Payment? No Problem! Find out How Down Payment Assistance Works

July 11, 2008

The term “down payment assistance” sometimes conjures up negative thoughts – but when it comes down to it, who wouldn’t benefit from an influx of extra money when buying a new home? Sounds like a win-win. The most important thing to know is that basically any qualified home-buyer can utilize down payment assistance – contrary [...]

What are Discount Mortgage Points and Should I Buy Them?

April 4, 2008

Discount mortgage points (or points, for short) are simply interest you can choose to pay up-front when you get your mortgage. One point equals one percent of your overall loan balance. By paying some interest up front, you get a lower interest rate for the life of the loan — this is also known as “buying down your rate.” [...]

  • Quicken Loans Ad

  • Facebook Fan Page

    Quizzle on Facebook
  •