When you apply for a mortgage, your lender will probably quote you an interest rate -- say, 4.5%. The problem with the interest rate is that is doesn't usually reflect the true cost of borrowing money ...

Paying discount points may give you some relief from high mortgage rates. Here's how to decide whether buying them is right for you. Some or all of the mortgage lenders featured on our site are ...

Brai is the founder of SW4 Insights, a public policy advisory firm based in Washington D.C. He has over a decade of experience as a journalist and consultant covering finance and economic policy, with ...

In mortgage lending, one mortgage "point" equals 1% of the loan amount. Lenders may charge points to process, underwrite and fund your loan. In that case, the points are usually called an "origination ...

Image source: Images Money. Banks offer potential mortgage borrowers the opportunity to "buy points" on mortgage loans to lower the interest rate. Is it a smart move for first-time homebuyers? The ...