Discount Points

When getting ready to buy a home, most would-be new homeowners focus on saving up a down payment. While that’s important, coming up with enough cash for a down payment is only part of the picture. Until you also save enough to cover all your closing costs, you aren’t financially prepared to purchase your home. What are closing costs? Closing costs are a summation of the additional fees you will pay...

Homeownership brings with it a number of benefits. But, many homeowners believe the required down payment is well beyond reach.  If that sounds familiar, you’ve probably been told you need to put 20% down to purchase a home. On a $300,000 home, that’s $60,000. Add costs for closing, inspection, appraisal and other fees and it’s no wonder a lot of people don’t think they will ever own a...