Need Help?
Call Us
A percentage of the loan amount paid at closing. For instance, on a $90,000 loan amount, 1 point = 1%, or $900. Points are typically paid to buy down (reduce) the interest rate. Alternatively, in exchange for a higher rate, the lender may pay points to offset a homeowner's closing costs. These are called negative points.
Lender fee that offsets the cost of processing your loan for closing. Different companies may refer to them by different names, such as processing fees or underwriting fees.
The part of the property purchase price paid in cash, and not financed with a mortgage.
The agreed-upon interval of time when a lender will advance funds to you according to your loan terms.
Having a financial plan before you look can help you better prepare for home buying costs.
Read moreHere is a list of ten things you should know before refinancing.
Read moreWe can help walk you through the process when you’re ready to take the big step and buy or refinance.
GET STARTED ONLINEReady to Buy or Refinance?
Need Help? Call Us
Ready to Buy or Refinance?
By clicking 'OK', you are leaving www.phhmortgage.com and entering a website that PHH Mortgage does not control. PHH Mortgage has provided this link for your convenience and is not responsible for the content, links, privacy policy, or security policy of this website.