Frisco Texas Mortgage, Real Estate, Events, and more

How do you BUY a better Texas mortgage rate?

 

How do you "buy" a better Texas mortgage rate?

 

Do you plan on keeping your loan for a while? Then it may make sense to "buy" a lower interest rate by paying one or more "points" for your Texas mortgage.

 

Even if you're unsure of how long you plan to keep your Texas mortgage before you move or refinance, paying points now for a lower rate may make sense. For example, do you have a high-paying job now but you think you might change careers in the next few years? We can help you sort it out. It's part of our goal to find you the right Texas loan for your means and future.

 

A point -- which equals one percent (1%) of the total loan amount -- is an up-front fee that lowers your annual interest rate and total interest due over the life of your loan. So, a one point loan will have a lower interest rate than a no point loan. Basically, when you pay points you trade off paying money later in favor of paying money now. You can pay fractions of points, meaning there are a lot of points packages that can make a loan's terms more favorable if that's what's right for you.

 

There are a variety of rate and point combinations available. When you look at different loan programs, don't look just at the rate -- compare the whole package. Federal law requires lenders to publish their loans' Annual Percentage Rate, or A.P.R. The A.P.R. is a tool used to compare different terms, offered rates, and points.

 

 

*********************************************************

Are you looking to purchase a Texas home?  Perhaps you love your Texas home but would be interested in refinancing your Texas mortgage to a lower interest rate?  

I'll help you get pre-approved for your Texas home loan and even suggest some very knowledgeable and professional Real Estate Agents in your area of choice.  If you are available to talk, I am available to listen.  Give me a call or visit my website for more details.

Do you want to know all of your mortgage options? Call me today and let's discuss them further.

Texas Home Loan Consultant

Always available for your Texas Mortgage and Home Loan needs!

John R Cannata    P#214.728.0449

NMLS # 322646

Texas Home Loan Expert

Frisco TX Mortgage

      

 

The views expressed on this site are mine alone and do not reflect the views of my employer.

Comment balloon 0 commentsJohn Cannata • May 29 2012 10:53PM
How do you BUY a better Texas mortgage rate?
share
How do you "buy" a better Texas mortgage rate? Do you plan on keeping your loan for a while? Then it may make sense to "buy" a lower interest rate by paying one or more "points" for your Texas… more
Stony Glen Stables Aubrey TX - My Daughters First Horse Show in 2012
share
My daughter has been riding at Stony Glen Stables for the past 4 years. She has loved being a part of the Stony Glen family. Even though the riders compete against each other in some events, they are ALWAYS cheering and truly wishing the best for… more
Texas Cashout - Your Home Could Be Worth More Than You Think
share
Do you have available home equity and would like to gain freedom from higher-interest rate debt or maybe make some enhancements to your home? With a Texas Cashout or Home Equity Line of Credit, qualified borrowers may be able to: • Make home… more
The Google Algorithm Penquin Attack
share
Always keeping us on our toes. It appears that Google has changed up some things again. Brad wrote a detailed description of the latest changes and how it can effect you. His suggestion… focus mainly on providing great information to your readers… more
Love When Clients Are Excited
share
Over the past year or so, I've found myself following my clients on Facebook (if they have an account). Its a great way for me to keep in touch with them even after the transaction is complete. What I mostly enjoy is how excited they are about… more
Preparing Important Documents For the Sale of Your Home
share
Loreena and Mike Yeo of 3:16 team REALTY are great at their job! They ensure that all sellers (and buyers) are taken care of. How? By ensuring that proper documents are completed for your sale, in preperation for the sale, and after the sale. They… more
Summer Basketball Camp June 2012
share
Do you have a son or daughter that LOVES basketball? Well, the Texas Legends is hosting its first summer camp in June 2012. The camp will be June 25th-June 28th, from 8:30 am to 3:30 pm @ Bent Tree Bible Fellowship. Please note that… more
Things that could cause you to lose potential buyers for your home
share
Attention Home Sellers! I read a great article today about how you could lose a potential home buyer and thought I’d share some of the highlights with you: The biggest thing was the Do-It-Yourself projects – We have all had ‘honey-do’… more