Should I Use a Mortgage Broker? A Broker-vs.-Bank Guide
Yes—a mortgage broker can be a smart choice if you want to compare multiple lenders, need help with a less-than-simple financial situation, or value a guide who can explain your options clearly. A bank may be a good fit if you already have a strong relationship there and its loan products meet your needs. The […]
What Are Discount Points? Mortgage Points Explained
Mortgage discount points are optional fees you pay at closing to receive a lower interest rate. One point costs 1% of the loan amount, but the rate reduction is not fixed—it depends on the lender, loan program and market pricing that day. Paying points can make sense when the monthly savings recover the upfront cost […]