Mortgage Terms

Mortgage-Backed Securities: Definition, Features, and Types

MBS is a financial tool that allows investors to obtain asset ownership without having to buy or sell mortgages...

7 mins readNov 13, 2024
Mortgage Backed Securities

40-Year Mortgage: Pros, Cons, And Alternatives

A 40-year mortgage is a long-term mortgage that allows borrowers to make payments over a period of 40...

6 mins readNov 13, 2024
40- Year mortgage

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