Home Mortgage Financing

Everyone makes mistakes from time to time; after all, to err is human. While they sometimes come out of nowhere, many mistakes are easily avoided if a person is willing to put in a little extra effort or pay a little more attention. This post will highlight five simple errors commonly committed by people before or after acquiring a mortgage. With a good read and a bit of luck, you can make sure that your finances are in the best shape possible for years to come!

If you've applied for a mortgage before, you likely heard the lender reference rates and points. While most people are familiar with rates (the percentage of interest that must be paid on the loan annually), fewer borrowers understand how points affect their mortgage. With rates as they are now at a higher levels you may be able to use mortgage points to your benefit. While they aren't for everyone you will want to find out if they are something that can help. Keep reading for a quick primer covering the basics of mortgage points and how they can benefit you!