Cost Options

Low Cost Scenario

This cost structure was designed to help borrowers reduce the Origination Charges associated with a "market" rate of interest in exchange for a slightly higher rate. This is a good choice for most short-to-medium term borrowers (1-3 years).

This scenario is for customers who prefer to pay the regular Origination Charges in order to obtain a "market" rate of interest. This structure is best for medium-to-long term borrowers (3-5 years). 

Buy-Down Strategy

This option is designed to help customers improve their qualifying ability and/or achieve a "below-market" interest rate by paying Discount Points to get a lower interest rate. This option is typically best for long-term borrowers (5-10 years or more).

NOTE: FPF is an industry leader and one of the largest mortgage companies in the US.  As a result, we are able to negotiate certain economies of scale from a product/pricing standpoint.  The new GFE for 2010 includes a section that allows you to compare a few rate/cost options from us to other offers.