What You Need to Know About Mortgages

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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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Understanding Mortgages
Buying a house? Learn how to decipher the numbers and jargon so you're happy with your mortgage.

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!

Learn More About Federal Coastal Credit Union
Learn how to get the best mortgage for you and understand how APR, interest rates, and discount points work.

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 others 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.

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