Whether or not a buyer receives a mortgage is ultimately what can make or break the purchase of a new home. Without one, an individual may not be able to afford loan payments, taxes and insurance. To receive a loan in the first place, one must meet with a mortgage broker to find the right plan for them. There are also a few important questions to ask to help ensure the home buyer’s financial well-being.
When purchasing a new home, there is a seemingly endless number of factors that go into deciding how much you will pay. There’s your mortgage, taxes, insurance, closing fees and that’s only the tip of the iceberg. However, there are also ways that you can save yourself some money down the line. One way is by purchasing mortgage points.