Top of the list for topics we continue to discuss when it comes to buying a home these days is Interest Rates! What is the best option for your financial picture?
Read on for information that has rarely been discussed in the last few years, but may be an option worth exploring with interest rates around 7%.
The interest rate your mortgage lender offers you when you buy or refinance a house is not necessarily the rate you have to stick with. In fact, you can lower your mortgage rate by shelling out at closing for something called mortgage points. But what are they and how can they save you some serious cash (like, thousands of dollars over the years you make monthly payments)?
Discount Points Explained Craig Donofrio - Nov 11, 2022
Reading about these loan products online is great, but often times an in depth discussion with a local trusted lender that can help you decipher which financial decision is YOUR best fit.
Contact me for a list of lenders to start your conversation.