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- April 24, 2025
Can Homebuyers Save Money by Buying Mortgage Points?
Homebuyers hoping to save money every month on their housing payments may want to consider purchasing mortgage discount points.
Homebuyers hoping to save money every month on their housing payments may want to consider purchasing mortgage discount points.
If you’re hoping to qualify for a mortgage, having a high credit score can pay off.
Buyers may be able to negotiate more with sellers in a buyer’s market, asking for lower prices, closing cost assistance, and costly repairs.
An appraiser will make sure the home you hope to purchase is priced fairly. This protects the buyer and the lender.
It’s important to make sure you can afford a home, before purchasing one.
If you plan to put in an offer on a home, there are certain things you should do, and other things that you shouldn’t.
Closing costs are generally 2% to 6% of your mortgage amount. This covers things like the home appraisal, legal fees, lender fees, homeowner association assessments, taxes, and the costs of pulling credit reports.
If you’re hoping to buy an expensive home, you may want to consider using a jumbo mortgage.
Many buyers may believe they can’t afford to purchase a new home, not realizing they may be passing up potential savings.
If you’re buying a home in a competitive housing market, you may want to consider making a cash offer.