Borrowers are receiving a new form called a Loan Estimate after they apply for a mortgage. It explains the key terms, from interest rates to closing costs, and ensures you're getting the home loan your lender promised.
Paying points to get a lower interest rate is almost always a losing proposition because most homeowners don’t keep their loans long enough to recoup the up-front costs. Are you an exception to the rule?
If you're bracing for the minimum payment on your home equity line of credit to go up — way up — there's no need to panic. There are lots of ways to deal with repaying this debt.
