• Call now 844.595.9382
  • Contact us
  • Chat with a home loan professional
  • Sign In
Apply Now
  • logo logo
  • Home
  • Buying a Home
  • Refinance
  • Company
    • About Us
    • Our Leadership
    • Reviews
    • Culture
    • Contact us
  • Home
  • Buying Home
  • Refinance
  • Loan Options
  • Down Payment Programs
  • Calculators
  • Today's Rates
  • Quick Quote
  • Company
    • About Us
    • Our Leadership
    • Reviews
    • Culture
    • Contact us
  • Sign In
  • Loan Options
  • Down Payment Programs
  • Calculators
  • Today's Rates
  • Quick Quote
  • Explore
    • Loan Options
    • Down Payment Programs
    • Calculators
    • Today's Rates
    • Quick Quote
&nbps;
logo-footer
50 best companies mba logo BBB logo

Legal

  • NMLS Consumer Access
  • Privacy and Security Policy
  • State Licenses

Our Pages

  • Home
  • About Us
  • Buying a Home
  • Refinance

Contact Us

  • info@trulymortage.com
  • 844.595.9382
  • 275 East Rivulon Boulevard, Suite 300, Gilbert, AZ 85297

Discount Points       Back to Today's Rates

Discount points are fees paid directly to the lender at closing in exchange for a reduced interest rate. This is also called “buying down the rate,” which can lower your monthly mortgage payments.

One point costs 1 percent of your mortgage amount (or $1,000 for every $100,000). Essentially, you pay some interest up front in exchange for a lower interest rate over the life of your loan.

In general, the longer you plan to own the home, the more points help you save on interest over the life of the loan.

General Assumptions and Disclosures

The example payments do not include taxes, insurance or assessments. Mortgage Insurance Premium (MIP) is required for all FHA loans and Private Mortgage Insurance (PMI) is required for all conventional loans where the loan amount exceeds 80% of the subject property value (LTV).

Mortgage interest rates shown are based on a 30 day rate lock period. All loan products and pricing assume the property type is single family and will be used as your primary residence. All loan products and pricing are based on the location of Maricopa County, AZ.

The Annual Percentage Rate (APR) is a measure the total cost to borrow money as an annual percentage. The APR includes the interest rate plus other charges or fees (such as mortgage insurance, discount points, and origination fees). The APR can be a useful method to compare the costs of similar loans between lenders.

The rate, terms and estimated closing costs above do not constitute a Loan Estimate. The Loan Estimate is prepared based on your specific information provided that you will receive once you apply for a loan. The rate, terms and estimated closing costs, are estimations based on the assumptions noted above. This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary, and may include city, county or other additional fees and costs.

The displayed interest rates and APRs are based upon a variety of assumptions and conditions which include an assumption for consumer credit profile. Your actual credit score may be higher or lower than the assumption shown. Your loan's interest rate will depend upon the specific characteristics of your loan transaction.

Truly Mortgage is a division of AmeriFirst Financial, Inc., 1550 E. McKellips Road, Suite 117, Mesa, AZ 85203 (NMLS # 145368). 1-877-276-1974. Copyright 2018. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Click Here for Licensing Information. Not available to Alaska consumers.

Truly Mortgage is an independent mortgage lender and is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA).

TEXAS RECOVERY FUND DISCLOSURE

equal-house