Who's Who in Getting a Mortgage
Discover the key players involved in getting your mortgage approved. To better understand how mortgages work, learn the players involved in securing a mortgage at every step.
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.