Mortgage 101
What is a mortgage interest rate?
Find out what exactly a mortgage interest rate is, how they're calculated, and what you should know before deciding on one.
Mortgage 101
What are discount points?
Although buying a home typically requires a sizable down payment, discount points can help to reduce the cost of a mortgage.
Mortgage 101
What is a down payment?
Understanding what a down payment is, how it affects your interest rate, and the different requirements will help you decide what is best when the...
Mortgage 101
What is PMI?
It is important to know if and when private mortgage insurance (PMI) is necessary once you decide to buy a home
Mortgage 101
Types of Mortgages
It is important to know of the numerous mortgage types that you can select from, that way when the time comes you can choose what is best for you.
Mortgage 101
What is a mortgage note?
A legal document which outlines the terms of a loan between the buyer and lender
Mortgage 101
What is an escrow account?
If you're in the midst of purchasing a home, you'll likely hear about escrow, which is an integral component of the home-buying process.
Mortgage 101
Preapproved vs Prequalified
Prequalification is the initial step, while preapproval takes it one step further in the process to help focus on mortgages you can afford.
Mortgage 101
What are closing costs?
Closing costs include a multitude of expenses on top of your property's purchase price.
Mortgage 101
How do mortgages work?
With the right approach, obtaining a mortgage can a be a smooth and painless process. This article will walk you through all of the basics.