The Truth About Down Payments
If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case. Unless specified by your lo
Should You Buy Down Your Mortgage Interest Rate? | Pros and Cons
by Tom Bonetto When interest rates are high, some borrowers may choose to buy down their interest rate to lower monthly payments and make their mortgage more affordable. Buying down the interest rate means paying an extra upfront fee to get a lower rate and monthly payment. This is referred to as bu
What’s Really Happening with Mortgage Rates?
Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true. The simplest answer is: t
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