Tag Archive: mortgage

Mortgage: What are Points?

Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on ...

Continue Reading

Get one step closer to homeownership through mortgage employment verification

As you embark on your home selling journey, you may have started searching for mortgage loans to acquire financing for your next home purchase. As you fill out applications, you’ll notice most require employment verification.   What is mortgage employment verification? Before giving approval for a mortgage loan, lenders verify employment ...

Continue Reading