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Confused by mortgage jargon such as APR, origination fee, and discount points? Wendy Dawson, a mortgage loan officer at Coastal Federal Credit Union, explains what you need to know before you buy your house.
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One of our neighbors on our block has put their place on the market recently so we’re keeping an eye on how things go for them. Hopefully they will get a buyer quickly and we can then proceed and competitively price our house.
In the meantime, I’m learning more about mortgages. I’m not a professional financial expert so I compiled a list of questions and sent them to Coastal Federal Credit Union.
They came through and Wendy Dawson – a mortgage loan officer – took the time to chat with me about what couples should look out for. We talked about:
- what expenses to consider besides the down payment
- mortgage jargon like origination fee, discount points, and
- where to find the right lender.
Some of these questions are based on our personal experience and some came from those in the Couple Money community. I hope you enjoy the interview as much as I did!
I want to say thank you again to Wendy for spending the time and giving her expertise. I really appreciate not just her knowledge, but the enthusiasm she has for helping other navigate through this financial milestone.
If you’re in the Raleigh/Durham area and you’re looking for a better banking solution, check out Coastal Federal Credit Union.