The concept of mortgage points that we’ll discuss here refers to credits a borrower can pay in exchange for a lower interest rate.
Conventional loans can be categorized in two ways: Conforming and Nonconforming Loans. There is a rather simple distinction between the two.
Whether you are a first-time house buyer, or looking to purchase your next home, getting pre-approved for a mortgage can be extremely helpful during the house-hunting process.
Conventional loans and USDA loans are two mortgage options available to you as a prospective home buyer. We’ll compare both so you can figure out which one is right for you.
Deciding how much house you can afford is a complex matter. Check out our comprehensive guide to home affordability—and how much money you should spend on a home.