How to Compare Mortgage Closing Costs
Compare mortgage closing costs, points, lender fees and credits. Learn what to question on Loan Estimates, with practical examples for Washington homebuyers.
Secure the best interest rate
You have many lenders to choose from. How do you make sure you're getting the best interest rate possible on your home loan?
Do new rules punish good credit?
Do new rules imposed by Fannie Mae and Freddie Mac penalize borrowers with good credit and large down payments?
Explaining Interest Rates and Points
Banks and mortgage companies don't have one interest rate we can offer every day. We have a range of interest rates available at different prices. The lower the interest rate, the greater the cost.
What are Points?
It's not the interest rates that change every day. It's the price you pay to get a particular interest rate that changes.