Standard Mortgage Blog

At Standard Mortgage (NMSL#: 44912) our goal is for you to have the smoothest transaction possible. In order for this to happen there are several important things that you need to do, and also important things that you should NOT do. Let’s take a closer look at the do’s and don’ts of house hunting, which all begins with finding the right mortgage lender.

Buying your first home is an exciting endeavor. However, before you start scheduling showings and picking out furniture, the most important part of the process is finding the right mortgage lender for your needs. As a first-time home buyer, you have additional options when it comes to financing, and your loan officer can help you make the best decision for your situation.

A home buyer can acquire a lower interest rate by paying discount points at closing. Discount points or prepaid interest points are a one-time fee that is paid upfront, creating a lower interest rate over the term of the mortgage. When your interest rate is lower, your monthly payment becomes lower and more affordable. Let’s take a closer look at how you can get a lower interest rate.