Although it's human nature to not want to pay more for something than necessary, not all fees are bad.  In fact, paying more points up front may save you a bundle in cash. 

Think about this for a moment:  Do you plan on keeping your home loan for a while?  If your answer is most likely "yes", then it may make sense to "buy" a lower interest rate by paying additional "points" upfront. 

Even if you're unsure of how long you plan on keeping your new home mortgage loan (before moving or the possibility of refinancing again), paying points now for a lower rate may make good financial sense.

For example:  Do you have a high-paying job now but you think you might change careers in the next few years?  We can definitely help you plan for the future.  It's part of our goal to assist you in finding the right St. Louis home loan for you and your family in order to secure your finances now and for years to come.

A point -- which equals one percent (1%) of the total loan amount -- is an up-front fee that lowers your annual interest rate and total interest due over the life of your loan. So, it only makes sense mathematically that a one point or multiple point loan will have a lower interest rate than a no point loan.

Basically, when you pay points you trade off paying huge amounts of money later in favor of paying a smaller amount of money now.  Our mortgage professionals can discuss with you points packages that can make a loan's terms more favorable if that's what's right for you.

There are a variety of rate and point combinations available. When you look at different home mortgage loans, never look just at the rate -- always compare the whole package. 

Federal law requires lenders to publish their loans' Annual Percentage Rate, or A.P.R.  The A.P.R. is a tool used to compare different terms, St. Louis mortgage rates, and points.