Why a California mortgage quote is sometimes higher – and why it doesn’t have to be
When it comes to California mortgage quotes, the rate is important but it is also necessary to consider the overall costs involved. Factors like the APR, loan fees, discount and origination points need to be properly understood and calculated.
Counting the Points
Lenders may or may not include discount and origination points in their California mortgage quote points. It is also possible that they quote discount points alone but the fact is, an additional origination point or a fraction of a point also needs to be worked in.
The way points are quoted in California Mortgage quotes can make a lot of difference to the consumer. There are lenders who will come clean with all the points but there are also those who may only reveal an extra point or a part of it, with the result that you are in for a nasty surprise later.
California mortgage rates are largely affected by supply and demand. When there is a greater number of sellers in comparison to buyers, the rates will remain low. It is during such periods that the buyer can be at advantage and therefore...
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