Mortgage points
Mortgage points are a common mis understood topic by home buyers. Mortgage points are in a nut shell up front interest charged to the buyer. Not all lenders charge points. In some cases it may be to the advantage of the buyer to consider a loan that charges points on a home loan. For more on Mortgage interest points see the video below by “Two Mortgage Guys” below.
Many home buyers are still eligible for zero down fianancing
Many home buyers are still eligible for zero down financing. Some home buyers have the option of using the credit for only a limited time using the temporary $8,000 tax credit for down payment and closing cost. Other home buyers will continue to see 100% financing in select areas with approved credit. Ask your Realtor or contact me for further details.
Krishna Perkins, Realtor
Visit http://www.sahomelocator.com
