Search Blog Posts by Blog Topic
What are points?
May 18, 2018Mortgage points, also known as discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. This is also called “buying down the rate,” which can lower your monthly mortgage payments. One point costs 1 percent of your mortgage amount (or $1,000 for every $100,000).
Ready To Get Started?
Fill out the form below and a mortgage professional will get back to you shortly.
First Time Homebuyer’s Guide
Considering homeownership but not sure where to begin? The Meadowbrook Financial Mortgage Bankers Corp. guide to home buying will make the process easy all in one packet.
Recent Articles
What’s the Effect of Credit Scores on Mortgages?
9 September, 2023Most American home buyers need to get mortgages to purchase homes, which is where their creditworthiness enters the picture. Even though lenders might rely on…
A DIY Home Inspection Guide for Homebuyers
5 August, 2023Buying a home can be an exciting yet daunting process, which is why it’s best to tread with caution. If you find a house you…
What You Can Do If Your Application for…
10 July, 2023Finding out about a denied mortgage application is never easy, given that the person receiving the news is typically looking forward to buying a house.…