How Can I Get A Lower Payment?
For many people purchasing a home one of the most common questions is "How can I get a lower monthly payment?" There are many different options available that can help you get a lower payment. Some
http://www.brokeroutpost.com/reference/37790.htm (Updated: 07/08/2007)
Related Reference Topics: [interest only, 40 year am, 2-1 buydown]

Buydown
Money advanced by an individual (builder, seller, etc.) to reduce the monthly payments for a home mortgage either during the entire term or for an initial period of years.
http://www.brokeroutpost.com/reference/23656.htm (Updated: 07/05/2007)

Choosing Rates Versus Points in a Mortgage Loan
While a high credit rating may give you the option of a low rate with no points, some borrowers will elect to pay points to reduce their interest rates.
http://www.brokeroutpost.com/reference/23454.htm (Updated: 05/26/2007)
Related Reference Topics: [points, rates, buydown]

What are discount points?
Discount points are fees paid to the lender at closing. Most times they are paid for a lower interest rate. One point is equal to 1% of the total loan amount. As an example, a $150,000 loan, one poi
http://www.brokeroutpost.com/reference/22753.htm (Updated: 04/12/2007)
Related Reference Topics: [points, lower rate, buydown]

2-1 Buydown Financing
A 2-1 Buydown or two-step mortgage combines fixed rate financing with a lower start rate for the first 2 years of the loan without negative amortization. For example, you may be able to obtain a 2-1
http://www.brokeroutpost.com/reference/97166.htm (Updated: 03/03/2007)
Related Reference Topics: [fixed rate, buydown, 2-1 buydown]