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What a $200,000 Mortgage Will Cost You

Mortgages aren’t one-size-fits-all products. Loan types and lenders all have different requirements, benefits and drawbacks. Some require sterling credit and sizable down payments. Others have looser standards but limit where you can purchase, or come ... read more

What are mortgage points? Should you pay them?

If you need your closing costs to be as low as possible, choose the zero-points option on your loan program. Let’s say you get a 30-year fixed-rate mortgage for $200,000 at 6 percent interest with no points. The monthly principal and interest payment ... read more

Your Poor Credit Score Can Cost You at Least $21,000

A poor credit score can cost you a lot of money when you take out a mortgage. A recent study by Zillow shows that the higher interest rates from a poor credit score can add at least $21,000 in additional interest to a mortgage, but often it’s even more ... read more

Are Starter Homes Still a Thing?

You can take out a larger mortgage loan and still be left with an affordable ... After all, 20 percent down on a home that costs $200,000 is $40,000 — a big chunk of money. The challenge of coming up with down payments has led many first-time buyers ... read more

Should you choose low mortgage rates and high processing fees, or vice versa?

Sometimes that means processing fees are overlooked, fees that can substantially impact the real cost of mortgage loans. Why? Because different lenders make different deals. An “origination” fee is the money you pay for the lender’s services. read more

Wondering what St. Pete is up to? Check the city’s data yourself

PETERSBURG — Maybe you want to track your tree-trimming ... The city’s total bill for the effort — which includes the costs of the site platform and of Volks’ salary — comes to about $200,000, she said. "We’re hoping the return on investment ... read more

The Search For A Mortgage REIT Index ETF Is Over, But I Would Steer Clear

It is often better to buy a low-cost index fund from a large scale and low-cost provider ... and a poor performance record as compared with their benchmark. Here’s why you should build your own “index” portfolio if you want specific exposure to ... read more

What a $200,000 Mortgage Will Really Cost You

Most borrowers choose to roll these costs into the loan, which increases the monthly payment. For our example, let’s assume you’re looking for a $200,000 mortgage at a 4.75% interest rate. We’ll use a consistent estimate for monthly property taxes ... read more

5 tips to help you find a starter home

However, Hunter says, buyers who opt for a used home might be able to do repairs and renovations over time, pacing themselves to make the cost manageable. When you’re up against ... says Jay Dacey, a mortgage broker at Metropolitan Financial Mortgage ... read more

What a $200,000 Mortgage Will Really Cost You

Most borrowers choose to roll these costs into the loan, which increases the monthly payment. For our example, let’s assume you’re looking for a $200,000 mortgage at a 4.75% interest rate. We’ll use a consistent estimate for monthly property taxes ... read more