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.
0 Down Home Loans: The Pros and Cons
Having trouble coming up with a down payment for a home? Shop around for some of the 0 down home loans that are available today.