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What are Mortgage Points?

Most of us will spend the most money on purchasing a home, so anything that might lower the mortgage cost is worthwhile. Some homeowners purchase mortgage points, commonly called "origination points" or "discount points," to reduce the interest they pay.…

Nine key factors that can affect your interest rate

The interest rate on a mortgage can significantly affect your monthly payment, the total cost of your home loan, and your purchasing power. It is essential to understand the key factors influencing mortgage rates. Everyone likes to pay less for things, and…

What’s the Difference Between Interest Rate and APR?

Many home buyers have heard both terms, yet few are aware that Kansas City mortgage rates and APR correspond to two different home loan costs. Understanding the difference between interest rate and APR, or annual percentage rate saves home buyers…

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