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 ...

Mortgage points are upfront fees you can pay your mortgage lender in exchange for a lower interest rate. Typically, one point costs 1 percent of the amount you borrow and reduces your interest rate by ...

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 ...

Question: When disclosing the initial Loan Estimate on an unlocked loan, do we need to disclose the discount points that would be charged as if the loan were locked at the time the Loan Estimate was ...

Have you applied for a mortgage loan lately? If so, you are aware of how much mortgage rates have increased over the past couple of years. One method of offsetting the higher rates is to pay discount ...

Here’s an astounding data point: Nearly half (45 percent) of those surveyed in the Zillow poll believe they should always buy discount points when obtaining a mortgage. However, because mortgage ...

The Consumer Financial Protection Bureau (CFPB) on Friday issued a rep o rt indicating that it is taking a closer look at the impact of “discount points” on mortgage transactions, noting that use of ...

Here's an astounding data point: Nearly half (45 percent) of those surveyed in the Zillow poll believe they should always buy discount points when obtaining a mortgage. However, because mortgage ...