Tag Archives: mortgage points

How to break down the pros and cons of buying down interest rates

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Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice. Continue reading →

Mortgage rate gap among lenders wider than previously understood

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A homebuyer taking out a $300,000 loan could end up overpaying by $1,200 a year — and even more if they’re in the market for a jumbo, FHA or VA mortgage, according to a new CFPB analysis. Continue reading →

Knock unveils new plan to help homebuyers reduce mortgage rate

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Interest-free home equity advances to Knock Home Swap clients can be used to buy down mortgage rate or make a bigger down payment. Continue reading →