Buyer

Mortgage amortization refers to the process of paying off a mortgage loan through a series of regular payments over a fixed period of...

The national average mortgage loan limit in 2023 is $726,200 for a single-unit property. For Alaska and Hawaii, the limit is $1,089,300. The homebuyer’s purchasing power increases with larger loan...

Roger and Amber realized early that they couldn’t afford a mortgage loan at the current interest rate of 7.6%. So, they inquired if their seller’s mortgage was assumable. They found out that it was...

In 2024, the US median home price shot up to $426,900, a 4.1% jump from last year. What’s more, 93% of metro areas witnessed an increase in home prices. The result? Homeowners gain equity and can easily...

Know the reasons for providing an explanation letter for mortgage approval and know how to write one. Use our free...

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

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

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...

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...

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