All home buyers have questions about their mortgage, at closing
and over the life of the loan.
When you get a home loan,
you make periodic (usually monthly) payments.
How to find payment requirements for fixed-rate and adjustable loans.
This case study shows how to find the total cost of your mortgage,
before you actually buy it.
This case study shows how to compare mortgages objectively in order
to find the mortgage that is right for you.
You can buy discount points and get a lower interest rate,
or not buy points and get a higher rate.
How to find out whether savings in interest justify the
cost of points.
Perhaps, you can afford to make a larger down payment.
Should you? If so, how much? This case study shows how to find the sweet
spot for a down payment.
It is impossible to know for sure whether it will be better to lock in
or float the interest rate. However, you can improve the odds of
making a correct decision.
You may have a choice about whether to accept a prepayment penalty
clause in your mortgage contract. The right decision could save
Mortgage prepayments take money out of your pocket today,
but they save money down the road.
How to determine when the savings justify the cost.
Should you should refinance? It depends.
This case study shows how to assess refinancing options objectively,
in order to make the choice that is right for you.