Most loans only allow borrowers to get
a mortgage up to a certain point.
Not exact matches
I'm not a fan of paying
points up front unless you're absolutely
certain you plan
to hold your
mortgage for a very long time.
With this strategy, the borrower pays a
certain number of
points (or even a fraction of a
point)
up front, in order
to secure a
mortgage lower rate.
TD Canada Trust and the Royal Bank of Canada both announced on Tuesday that they will increase
certain fixed - term
mortgage rates by
up to one - quarter of a percentage
point, effective Wednesday.
That is, if the lender makes a
mortgage loan, it may require the borrower
to pay a
certain amount of discount
points up front.