What are Loan Discount Points and Why Do Lenders Charge Them?

The mortgage industry, like any other industry, has its own unique terminology that no dictionary or thesaurus can help you with. Among those unique terms are the words “Loan Discount Points,” and not understanding what they are and the role they play in a purchase or refinance transaction can have a significant impact Read More >

It’s How You Use Debt That Makes the Difference!

There are only three ways to pay for anything you buy: 1) pay cash, 2) borrow (finance), or 3) barter (trade). For many of us paying cash is not an option and, realistically, neither is bartering, which leaves borrowing. Borrowing in and of itself is neither good nor bad. Borrowing is simply a method of paying for Read More >