Government Mortgages: Compare And Contrast To A Conventional Loan
A conventional loan is easier; a GSE loan is more convenient. In order to get the best deal on your home loan, you will most likely have to compare a conventional loan to the various government mortgages that you may be eligible for.
Points, APRs, and Other Homebuyer Fees
WHAT ARE POINTS? Points are fees your lender charges, usually 1 or 2 percent of the total loan amount. It's important to factor in points when shopping for mortgages as a loan with a higher interest rate and no points could ultimately be cheaper than a lower interest rate with points. It’s also possible to negotiate that the seller pays points.