Mortgage Terms

A mortgage note is a legal document outlining loan terms. It's crucial for understanding repayment obligations and property...

Understand the meaning of a lien and how it affects the ownership of property. Know about the types of liens when purchasing a...

Mortgage Origination Fee is an upfront amount the lender charges to process the mortgage at the time of...

The mortgagee clause allows the lender to claim the insurance amount in the event of any damages to the...

Co-signing a mortgage means co-owning the mortgage. The addition of one more party in the mortgage application that allows loan...

Basis points is a versatile tool used in analyzing interest rates, comparing mortgages, measuring performance, and managing...

A good credit score is a measure of how likely an individual is to repay the borrowed money or fulfill their financial...

43% of new homeowners struggle to make their mortgage payments. This underscores the importance of understanding debt-to-income ratio (DTI) before making a major financial commitment.  DTI measures your...

Here's all you need to know about Private Mortgage Insurance: when you need PMI, how it helps you buy a house, and the pros and cons to...

The percentage of income for a mortgage is the portion of a borrower's income that is allocated towards their monthly mortgage...