Most people are likely familiar with the usual terms for a mortgage like 30, 20 or 15-year terms, but what if you are looking to refinance after paying six years into your mortgage and still have 24 years left? You may not want to go back to a 30-year loan or may not be ready to go down to a 20-year with a higher payment. This is where the Flex
Archives for January 2021
Discount Points And Is It A Good Idea To Buy Down Your Interest Rate?
Here’s the scenario: you are looking to purchase your home or refinance your home and are reviewing your Interest Rate Options that your lender sent you, but you notice you have lower rates but are spending more in fees to get. These extra fees are called Discount Points and/or Pre Paid Interest. This gives you the ability to pay extra upfront
