Choose the Right Mortgage Type for You
Once you're pre-approved, you can take a deeper dive into exactly what type of mortgage you want and what taking out a home loan entails.
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.