Mortgage Terms

What Is Fed Rate Hike? How Does It Impact You?

An increase in the federal funds rate is known as a "Fed rate hike," and it is the decision made by the US central bank, the Federal...

6 mins readNov 13, 2024
Fed Rate Hike Impact

Grantor vs. Grantee: Understanding the Roles and Responsibilities

When it comes to real estate, there are two important roles you need to know: the grantor and the grantee. These roles play a big part in buying, selling, or transferring property. In this blog, we’ll...

7 mins readNov 13, 2024
Grantor vs Grantee

What Is Mortgage Curtailment and What Are Its Benefits?

Mortgage Curtailment is the additional payment made against your existing mortgage. Thus, reducing the outstanding mortgage...

4 mins readNov 13, 2024
What is mortgage curtailment

Holding a Mortgage: Definition, Pros, and Cons

The homeownership rate in the second quarter of 2023 in the US was around 66%. That’s about 230 million Americans.  If you are also looking to buy a house, you must understand which type of...

6 mins readNov 13, 2024
Holding a mortgage

What Is Manual Underwriting and How Does It Work?

Discover how manual underwriting can help you get a mortgage approval. Learn why it matters and how it benefits you in the...

6 mins readAug 09, 2024
What is manual underwriting