Mortgage Basics

Mortgage Basics

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s.

Application Checklist
Application Checklist

Applying for a mortgage can seem like a daunting and scary process. To help, we’ve created a checklist of things for you to compile, complete and acknowledge before applying.

Credit
Credit

Credit history is a recorded file of past and current credit that is utilized to compile a credit score. Read about credit, how it works, how to improve your score and more.

Closing Costs
Closing Costs

A closing cost is a payment required to finalize a home loan and is separate from a down-payment. Learn about their purpose, how you can pay them and more.

Appraisals
Appraisals

An appraisal is an estimate of a property’s fair market value and is required by a lender to ensure the loan amount is not more than the property value.

Private Mortgage Insurance (PMI)
Private Mortgage Insurance (PMI)

PMI is insurance that protects a lender from increased risk when borrowers put less than 20% down on a house. Learn about PMI, how it works, costs and more.

Refinance
Refinance

Refinancing lowers monthly payments, interest rates, or your DTI. Learn about refinancing, how it works, and whether it's right for you.

Glossary of Terms
Glossary of Terms

See a full list of mortgage terms by clicking learn more below.

Foreclosure
Foreclosure

Foreclosure is the process of a lender seizing a property in accordance with mortgage terms. Learn about foreclosure and how to avoid it.

Loading...