Mortgage basics

Featured resources

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5-minute read

Understanding tri-merge credit reports: Here's what you should know

Tri-merge credit reports help mortgage lenders determine the size and type of your loan. Learn more about the role this report plays in your application.

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9-minute read

What is PMI? Private mortgage insurance defined and explained

Private mortgage insurance (PMI) can be a tricky subject, so we broke down what PMI insurance is, how much it costs and whether it’s the right option for you.

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5-minute read

What is an encumbrance in real estate?

An encumbrance is a claim against a property by someone who isn’t the property owner. Discover how encumbrances can affect how you can use your property.

People walking through a large park on a sunny day.

10-minute read

Eminent domain, defined and explained

Cases of eminent domain have been happening since 1876 and still affect us today. Learn about what they are, how they’re used and eminent domain examples.

A man researching on a computer, likely conducting real estate or financial research online.

8-minute read

What Is PITI? Its meaning and what it stands for

PITI stands for principal, interest, taxes and insurance. Learn how each component of PITI affects your mortgage payment, and how to calculate each factor.

A residential neighborhood with multiple houses, showing a suburban or urban living environment.

7-minute read

What are easements and how can they affect my property?

Easements grant non-property owners limited access to a part of your property. Learn the different types of easements and how they can affect your property.

A woman working on a computer, possibly related to remote work, finances, or digital activities.

4-minute read

How to get a mortgage when you're self-employed

Wondering how to get a mortgage when you’re self-employed? Learn what you need to qualify and how to put your best application forward to purchase a home.

Large regal brick home with white columns and stone stairway.

4-minute read

Property title search: What it is and how it works

A property title search examines public records to confirm a property’s rightful, legal owner. See how title searches work and reasons to be aware of them.

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7-minute read

Cybersecurity best practices to keep you safe online

How can you stay safe from cyber threats? Start with these 7 tips.

A couple paying their mortgage online using a laptop.

5-minute read

When is your first mortgage payment due?

Your first mortgage payment is always due to your lender within 60 days of your closing date. Get more details about your first mortgage payment after closing.

A man wearing a headset, likely in a customer service or financial services role.

4-minute read

Mortgage loan originators: What they do and how they can help you

Mortgage loan originators (MLOs) guide borrowers through the home loan process, from application to closing. Learn what an originator can do for you.

A couple discussing finances, real estate investments or taxes on a laptop.

5-minute read

What is deed of trust?

A deed of trust is an agreement between home buyers and lenders at the closing of a property. Learn about trust deeds and how they differ from mortgages.

A family enjoying dinner on dining table.

9-minute read

Co-signing a mortgage loan: What both parties need to know

Getting a co-signer can help make homeownership possible and can be a great option, but there are some risks to the co-signer. Here’s what you need to know.

Man standing outside of garage with motorcycle.

8-minute read

Debt-to-income ratio (DTI): What is it and how is it calculated?

Your debt-to-income ratio (DTI) measures your total income against any debt you have. Learn what a good DTI is, how to calculate it and how to lower it.

A document showing goods sold, income and other things in different years.

8-minute read

Proof of funds: What is a POF letter in real estate?

Proof of funds (POF) is a document that shows how much money a person or entity has available. Learn more about POF letters when getting a mortgage.

Fork in two sidewalks through a residential neighborhood.

4-minute read

Easement appurtenant: What it means and how it works

An easement appurtenant creates a right of access for non-owners of one property for another’s benefit. Find out how this easement might affect your property.

A Black man's hands signing a document on a desk at home, potentially related to paperwork or contracts.

5-minute read

Deed of reconveyance: Definition, process and FAQs

A deed of reconveyance is a document that transfers the property title from the mortgage lender to the borrower. Learn more about how a reconveyance works here.

A man looking at finances, possibly related to financial planning or reviewing financial data.

7-minute read

Home appraisal amount vs. loan amount: How an appraisal impacts the selling price and mortgage amount

Explore the difference between appraisal amount and loan amount and how the home appraisal amount affects selling price or the mortgage loan amount.

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