When you know what to expect, you can be ready for anything.
Deciding to purchase a new home is a huge first step, but there are many more steps to come. Finding the right home. Monitoring your loan status. Approvals. Purchase negotiations. And much more. That’s why The Palmetto Bank has compiled a Home Purchase Basics list just for you. With these helpful tips and information, you truly can be ready for anything.
|Should you buy points? Buying points when you close your mortgage can reduce its interest rate, which in turn reduces your monthly payment. However, each "point" will cost you 1% of your mortgage balance. This calculator helps determine if you should pay for points or use the money to increase your down payment.