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First Time Home Buyer's
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Mortgage Basics
Learn more about the ins and outs of mortgage topics and terms
Featured Resources
HELOC vs. Cash Out Refinance
When looking into HELOC vs. cash-out refinance, homeowners have two powerful tools at their disposal to tap into the equity they’ve built up in their
HELOC vs. Home Equity Loan
What’s The Difference Between HELOCS And Home Equity Loans? A HELOC (Home Equity Line of Credit) and a home equity loan both allow you to
What Is A Home Equity Loan?
What is a Home Equity Loan? Simply put, a Home Equity Loan is a type of loan wherein you borrow against the equity in your
What Is A HELOC?
In the world of financing, one term that comes up often is a Home Equity Line of Credit, or more commonly known as a HELOC.
Second Mortgage: What They Are and How They Work
Everyone has heard the term second mortgage, but what does it really mean? Whether you’re considering it as an option to consolidate debt, pay for
What is a 15 Year Fixed Mortgage?
What Is A 15-Year Fixed Mortgage? A 15-year fixed mortgage is a financing option for purchasing a home. Under this mortgage structure, the homeowner agrees
What is a 30 Year Fixed Rate Mortgage
What Is A 30-Year Fixed Mortgage? A 30-year fixed mortgage is a home loan that maintains a constant interest rate and monthly principal payment over
Is A Mortgage Secured or Unsecured?
When you’re buying a home, you will likely need a mortgage. But is a mortgage a secured or an unsecured debt? This article will explain
What is a Mortgage Loan Origination Fee
Simply put, a Mortgage Loan Origination Fee is a fee that a lender charges the borrower (you) for processing their mortgage application. But it’s more
Comparing APR vs. Interest Rate
When you’re looking to buy a home, you’ll come across terms like APR and interest rate. These can be confusing, but they’re essential for understanding
What Assets Are Allowed For A Mortgage
When applying for a mortgage, lenders typically require borrowers to provide documentation of their assets. These assets play a crucial role in the mortgage approval
What Is A Mortgage Rate?
A mortgage rate is the interest charged on the loan you take out to buy a home. It’s one of the most critical factors in
What Is An Adjustable Rate Mortgage (ARM)
When it comes to home loans, there’s a wide array of options available to buyers, each with its unique benefits and considerations. One such option
What Is A 3-2-1 Buydown?
What is a 3.2.1 Buydown? A 3.2.1 buydown is a mortgage financing technique where the interest rate of the home loan is temporarily reduced for
How To Calculate Your Mortgage Payment
Thinking about buying a house or changing the loan on the house you already live in? You might be asking: What will my interest rate
What Is Earnest Money?
What is Earnest Money in Real Estate? In the world of buying homes, earnest money is like a handshake between you and the seller. It’s
What Is APR?
When shopping for a mortgage, you’ll encounter many terms, but one of the most crucial is the APR, or Annual Percentage Rate. Unlike the interest
Principal and Interest- Mortgage Payment Basics
Understanding Mortgage Payments Mortgage payments are a crucial aspect of homeownership, representing the borrower’s obligation to repay the loan used to purchase the property. These
What Is A Mortgage?
Buying a home is one of the most exciting steps in life. It’s not just about having a place to live; it’s about creating a
What Is A 2-1 Buydown
What is a 2-1 Buydown? A 2-1 buydown is a type of mortgage rate reduction plan that temporarily lowers the interest rate on your mortgage
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