Discount points in mortgage are used to reduce interest rate. You purchase these points directly from your lender and you pay them at closing. Many lenders don’t incorporate points when they advertise…
Month: November 2010
Over 19 Million VA Home Loans Provided to Servicemembers
Since the start of the Home Loan Program of the U.S. Veterans Affairs Department in 1944, more than 19 million military personnel and veterans have acquired their homes under the program. Over…
Choosing from Four Types of Reverse Mortgage Loan Programs
You not only need to think twice about taking out a reverse mortgage loan; you also need to think hard about which type of reverse mortgage and which method of disbursement option…