Whether it’s your first home or your fourth, the whole mortgage process can be confusing and stressful… so many decisions to make, so much jargon to decipher, so many boxes to initial.
One simple word you may hear is “points”. It sounds like such a simple word, but do you really know what points are? A point is technically one percent of your mortgage amount, or $1,000 for every $100,000 you finance.