What exactly are pre-paids and exactly how will they be determined? What exactly are shutting costs?
Exactly what are points? Points, also referred to as “discount”, are funds compensated at shutting to be able to get a lowered interest when it comes to life of the mortgage. As an example, you might be quoted an interest rate of 7.375 with 0 points or 7.000 with 1 point. One...