“Mortgage rates continue to remain low.” Kelsey Ramírez is an Associate Editor at HousingWire. In this role she spearheads the production of HW Magazine. Ramírez is a journalism graduate of University.
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An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).
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It is also important to remember that your credit score plays a major role in the rates applicable to your mortgage loan," advises Turner. Story continues Complete details can be found on The Texas.
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