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What Does it Mean to Purchase Points to Get a Lower Interest Rate?

What Does it Mean to Purchase Points to Get a Lower Interest Rate?

When you get a mortgage, you have the option to purchase points in order to get a lower interest rate. But what does that mean? This guide explains everything you need to know about purchasing points, including what they are and how they can help you save money on your mortgage. What Does it Mean to Purchase Discount Points to Get a Lower Interest Rate? This guide explains: What are points and what do they do? How do you purchase points and how much does it cost? What are the … Continue reading...

Posted in: Blog, Buyers Tagged: Buyers, How-To, Interest Rates, Mortgages, Points, Tips

Mortgage Term Glossary for Tampa Bay Home Buyers

Mortgage Glossary for Homebuyers - Tampa Bay Homes for Sale

If you’re like most people, you’ll need to borrow money from a lender in order to buy a home in Tampa Bay. That means you’re going to hear a lot of new terms floating around when it comes to financing… but what do they all mean? Check out our mortgage term glossary to make sure you can pick up what your lender is laying down. Mortgage Term Glossary for Tampa Bay Home Buyers Adustable-Rate Mortgage An adjustable-rate mortgage is a loan with an initial fixed-rate period; after that, your … Continue reading...

Posted in: Blog, Buyers, Mortgages Tagged: Adujstable-Rate Mortgage, Amortization, Appraisal, ARM, Closing Costs, Deed, Discount Points, Earnest Money, Fixed-Rate Mortgage, Mortgage Glossary, PMI, Points, Principal, Private Mortgage Insurance, Title Insurance, Title Search, Underwriting

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RE/MAX ACR ELITE GROUP, INC. Hillsborough

13907 N. Dale Mabry Hwy., Ste. 101
Tampa, FL 33618
Office (813) 961-6000
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1465 S. Ft. Harrison Ave, Ste. 100
Clearwater, FL 33756
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