Getting a house and a mortgage isn’t one of the easiest things. If done right you could be living in the house of your dreams and saving a lot of money. Following the tips below will give you a better understanding of the whole process.
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A point is one percent of the loan amount. So 1 point on a $300,000 loan is $3000.00. Generally points are the biggest part of the lender fees and there are two types of points. One is origination points and the other is discount points.
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You check you mail and there is a utility bill with a disconnect notice if it is not paid in 2 days. You immediately run to the bank and there are not enough funds to cover the utility bill. The payday is another 8 days away. What do you do?
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