Looking to purchase home in Fort Worth with 20% down

With 20% down you will not have to pay mortgage insurance. You really should not pay points unless you completely review the options. Unless you live in the home for many years paying points is not always the best option. I can put together an analysis for you if you apply with me that will tell you exactly how many years it would take to recover the cost of each point. Give me a call 972-661.513 or apply online and I will get this right to you. www.envoy-mtg.com your local direct lender.

Brandon, correct you will not be required to thave mortgage insurance there is no different in rate if you have or do not have MI. Have the seller pay a point you can deduct this on your taxes. Lock today at 3.875% for 45 days reach me at ballen@accessnational.com

There is definitely no PMI when you put 20% down; however, make sure you take into consideration the strict Texas laws on refinance. Although it may not be your intention to every refinance or need equity from your home, it could be costly long-term as once you do have to take cashout every loan thereafter will be classified as such even if you have to bring funds to the table. Make sure to speak with a local lender to discuss the appropriate mortgage strategy.

There are several discounts available when you make a larger down payment. 20% is the first level. 25% down is the next point where you get a discount. General rule of thumb is that for every $ you spend on points you will save twice as much in your payment as a $ towards your down payment. Paying points makes sense to a certain degree. I always show my all the alternatives and educate you so they can make the best choice for your family. Feel free to contact me directly. Henry J Daniels - Sr. Mortgage Banker & CMPSI Certified Mortgage Coach "Educating you to make the right financial choices for your family today and tomorrow" Direct/Text: (936) 228-1944 Learn about me and connect at HenryJDaniels.comBlog: WoodlandsMortgageBank.com

Currently rates are extremely low. To pay buy-down points for a lower rate, in my opinion would be foolish. You have an excellent FICO score. With 20% down you will receive and excellent rate. ... Good luck. ... Happy funding, Rudi