Making sense of your closing costs. - 10/10/07 02:32 PM
Making Sense of Your Closing Cost
When you go to a lender to get and idea of what to expect for closing costs it can seem a little overwhelming.   Below is a break down to help you understand your good faith estimate a little better. 
Interest rate discount points are fees paid up front to the lender in exchange for a lower interest rate on a mortgage loan.   Paying points lowers your mortgage rate because the lender is getting a prepaid portion of the interest rather than collecting it in the payments across the term of the loan.   Points can be paid … (2 comments)

 
Chris Quinn (RE/MAX Key Properties)

Chris Quinn

Bend, OR

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RE/MAX Key Properties

Address: 431 NW Franklin Ave. #3, Bend, OR, 97701

Office Phone: (541) 728-0033

Cell Phone: (541) 228-4767

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