How Does Mortgage Interest Work?

Everything you need to know about how mortgage interest rates work before you get a home loan!

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00:00 Intro
0:25 What is an interest rate anyway?
1:05 APR vs interest rate
2:05 Fixed vs ARM
2:58 The interest rate doesn't tell you this
3:48 What determines your rate?
6:29 Points vs credits
8:06 How to calculate interest payments
8:36 How your payment is made
8:49 How your interest payment changes
9:40 30 yr vs 15 yr loan
11:12 Should you pay points?

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Should You Pay Points On Your Mortgage?
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Hey, my name is Kyle and I'm a Loan Advisor serving Tennessee, Florida, and Ohio. I help you get a crystal-clear home loan so you can win the house you love.

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