Mortgage points, also called interest points, are a way to buy down your mortgage's interest rate. They're paid upfront and may be able to save you money on your mortgage loan. This guide explains what they are, how they work and more. Mortgage Points, Explained Many people choose to buy mortgage points because they offer [...]
If you're like many people financing a home in Aspen, there's a chance you're a bit overwhelmed with all your financing choices - and that's okay. There are dozens of loan products to choose from, but most mortgages come in two main types: adjustable-rate (ARM) and fixed-rate. So should you choose an ARM or a [...]
Buying a home in Aspen is a big deal – but for most people, the terminology gets a bit confusing. One thing you’re likely to hear (and possibly even read about in your own contract, whether you’re buying or selling) is the term contingency. So what is a contingency in real estate, and what kind [...]
When you buy a home, you'll be responsible for paying for closing costs - the money necessary to close out your transaction and turn someone else's home into your home. But what many people don't know is that you can negotiate some closing costs, which means keeping your hard-earned money in your own pocket. Here's [...]
