mortgage terms

Learn everything about physician loans, a specialized mortgage option for doctors, including how they work, qualifications, lenders, pros and...

$373,463 – that’s the average mortgage loan size for homebuyers today! Securing such a substantial loan is a major financial decision. Especially now, with high interest rates at 7.11%, it’s...

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

Loan-to-Valued(LTV) in real estate represents the ratio between the loan amount and the appraised value of the property being...

Paying off your mortgage early can result in significant interest savings over the life of the loan. However, there are some pitfalls that you should...

Discover the pros, cons, and options of seller financing. Learn how it works, its benefits, and the risks for buyers and...

Deed of trust is a legal instrument in which the buyer transfers the title of the property to a trustee as security against a mortgage. Learn how a deed of trust...

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

A promissory note refers to a borrower's promise to repay a loan within a specific time. It provides legal protection to the...

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...