Mortgages – Points and Interest Rates Go Hand in Hand
When it comes to mortgages, many people tend to look at points and interest rates as to separate issues. In fact, they can almost always be used as leverage against each other.

When it comes to mortgages, many people tend to look at points and interest rates as to separate issues. In fact, they can almost always be used as leverage against each other.

The mortgage refinance market has cooled off dramatically with recent rate increases. Many people, however, refinanced during 2005 and can claim tax deductions.

You’ve lived in your home for some time and circumstances such as an expanding family mean you need a new one. This brings up the subject of bridge loans.

The general mantra in the real estate world is you want to avoid paying points when obtaining a mortgage. As with most assumptions, this is not always true.

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Sequira Scott
NEXA Mortgage, LLC NMLS# 1660690
Corp: 5559 S Sossaman Rd Bldg 1 Ste 101, Mesa, AZ 85212
NEXA Mortgage, LLC is an Equal Housing Lender
Location
5559 S Sossaman Rd Bldg #1 Ste #101 Mesa, AZ 85212
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NMLS# 1660690 | 3100 W Ray Road #201 Office #209 Chandler, AZ 85226
NEXA Mortgage LLC is an Equal Housing Lender
Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator, should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov.
A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov