House with a person handing cash to another, symbolizing mortgage prices and fees

Understand Mortgage Prices and Fees

Many consumers accept the first loan offered and don't realize that they may be able to get a better loan. On any given day, lenders and brokers may offer different interest rates and fees to different consumers for the same loan, even when those consumers have the same loan qualifications. Keep in mind that lenders and brokers also consider the profit they receive if you agree to the terms of a loan with higher fees, higher points or a higher interest rate. Shopping around is your best way to avoid more expensive loans.

  1. Understanding the Basics of Obtaining a Home Mortgage Loan

  2. Buying a House: Tools and Resources for Homebuyers

  3. Mortgage Options

  4. Why Reading Disclosures Is Important