Weekend Picks | July 22-24 – Enjoy! » Mortgage Masters Group

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Say for instance you buy a house for 250,000. Then, you make a down payment of 15% of the purchase price and take a 30-year mortgage for the balance.What Are Mortgage Points, And Should You Pay Them. – A lender can charge 1 point, several points or no points at all. Points don’t always have to be round numbers. A lender might charge 1.5 points, which would be $3,000 on a $200,000 mortgage.Mortgage Applications are on the Rise GMFS Mortgage – May 2017: Mortgage apps are on the rise. "The index for purchase applications reached its highest level since the beginning of October 2015, which was the week prior to the implementation of the federal government’s ‘know before you owe’ rule." said MBA economist Joel Kan.Note 2 Displayed rates are our lowest Annual Percentage Rates (APR), available on terms up to 60 months, apply to dealer purchases and vehicle refinancing, and include a discount for automatic payments (0.25%) and for purchasing through the USAA Car buying service (0.50%). Rates subject to change without notice and vary based on approved credit and other factors, such as term, model year.

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