Several Factors Affect Your Mortgage Rate

Learn about all of the different factors that can change the interest rate of a mortgage.

Annual Percentage Rate (APR)

The true cost of the loan to the borrower expressed in the form of a yearly rate.

Lock In Your Interest Rate

What is a rate lock for and why do you need one.

Closing Costs Explained

Closing costs are the actual expenses that the lender incurs in the origination of a new home loan.

Should I Pay Points

A point is an upfront fee that reduces your monthly interest rate and total interest due over the life of the loan.

Mortgage Calculations by Hand

Learn the formulas for calculating interest rates and payments.