Frequently Asked Questions - Page 18 of 20 - SEED Lending

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How can borrowers lower mortgage interest costs?

Higher credit, larger down payment, points, or shorter term.

When should I refinance?

When rate, term, or financial goals improve.

Is it better to pay points or take higher rate?

Depends on how long you keep the loan.

Should I choose 15-year or 30-year mortgage?

Depends on cash flow and goals.

How does inflation affect mortgages?

Fixed payments become cheaper over time.

How does rising rates affect affordability?

Higher payments reduce buying power.

Can mortgage interest be tax-deductible?

Often yes, subject to IRS rules.

How does mortgage affect net worth?

Builds equity over time.

What is leverage in mortgages?

Using borrowed funds to control property.

What is equity growth strategy?

Paydown plus appreciation.

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