Mortgage Glossary
Below are some common (and not so common) mortgage terms.
Below are some common (and not so common) mortgage terms.
| Rate | APR | Points | Option |
|---|---|---|---|
| 6.250% | 6.440% | 1.706 Points | Lowest Rate, Higher Fees |
| 6.500% | 6.594% | 0.710 Points | Low Rate, Normal Fees |
| 6.625% | 6.679% | 0.290 Points | Competitive Rate, Less Fees |
| 6.875% | 6.901% | -0.674 Points | Lowest Total, Lender Credit |
| Rate | APR | Points | Option |
|---|---|---|---|
| 5.500% | 5.834% | 1.869 Points | Lowest Rate, Higher Fees |
| 5.750% | 5.942% | 0.962 Points | Low Rate, Normal Fees |
| 6.000% | 6.069% | 0.176 Points | Competitive Rate, Less Fees |
| 6.375% | 6.417% | -0.787 Points | Lowest Total, Lender Credit |
| Rate | APR | Points | Option |
|---|---|---|---|
| 5.750% | 6.613% | 1.213 Points | Lowest Rate, Higher Fees |
| 5.875% | 6.684% | 0.654 Points | Low Rate, Normal Fees |
| 6.000% | 6.749% | 0.048 Points | Competitive Rate, Less Fees |
| 6.250% | 6.997% | -0.617 Points | Lowest Total, Lender Credit |
| Rate | APR | Points | Option |
|---|---|---|---|
| 5.125% | 6.129% | 1.768 Points | Lowest Rate, Higher Fees |
| 5.500% | 6.314% | 0.578 Points | Low Rate, Normal Fees |
| 5.750% | 6.478% | 0.031 Points | Competitive Rate, Less Fees |
| 6.125% | 6.851% | -0.719 Points | Lowest Total, Lender Credit |
| Rate | APR | Points | Option |
|---|---|---|---|
| 5.750% | 6.096% | 1.232 Points | Lowest Rate, Higher Fees |
| 5.875% | 6.164% | 0.623 Points | Low Rate, Normal Fees |
| 5.990% | 6.225% | 0.043 Points | Competitive Rate, Less Fees |
| 6.250% | 6.484% | -0.577 Points | Lowest Total, Lender Credit |
| Rate | APR | Points | Option |
|---|---|---|---|
| 5.125% | 5.784% | 1.764 Points | Lowest Rate, Higher Fees |
| 5.500% | 5.973% | 0.574 Points | Low Rate, Normal Fees |
| 5.750% | 6.138% | 0.027 Points | Competitive Rate, Less Fees |
| 6.125% | 6.513% | -0.723 Points | Lowest Total, Lender Credit |
| Rate | APR | Points | Option |
|---|---|---|---|
| 5.875% | 6.037% | 1.616 Points | Lowest Rate, Higher Fees |
| 6.000% | 6.104% | 0.992 Points | Low Rate, Normal Fees |
| 6.125% | 6.170% | 0.367 Points | Competitive Rate, Less Fees |
| 6.375% | 6.386% | -0.633 Points | Lowest Total, Lender Credit |
| Rate | APR | Points | Option |
|---|---|---|---|
| 5.625% | 5.946% | 1.936 Points | Lowest Rate, Higher Fees |
| 5.875% | 6.034% | 0.906 Points | Low Rate, Normal Fees |
| 6.125% | 6.151% | 0.054 Points | Competitive Rate, Less Fees |
| 6.375% | 6.392% | -0.495 Points | Lowest Total, Lender Credit |
| Rate | APR | Points | Option |
|---|---|---|---|
| 5.625% | 6.290% | 1.909 Points | Lowest Rate, Higher Fees |
| 5.750% | 6.297% | 0.696 Points | Low Rate, Normal Fees |
| 5.875% | 6.369% | 0.140 Points | Competitive Rate, Less Fees |
| 6.125% | 6.608% | -0.910 Points | Lowest Total, Lender Credit |