Mortgage Terminology
Featured Articles:
While shopping for home loans, you’ll need to decide between a fixed-rate or adjustable-rate mortgage. Learn how they differ and which is better for you.
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.
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Mortgage Basics - 6-MINUTE READ
Molly Grace - Oct 23, 2024
What Is Preforeclosure And How Can You Avoid It?
Mortgage Basics - 4-MINUTE READ
Miranda Crace - Oct 21, 2024
What Is Real Property? Definition and Types
Real property determines who has legal rights to a home, so it’s crucial to know its definition. Learn what real property is and what it means for buyers.
Mortgage Basics - 10-MINUTE READ
Kevin Graham - Oct 21, 2024
What Is A Mortgage Acceleration Clause?
A mortgage acceleration clause means that your entire mortgage balance becomes due if you default on your repayment. Learn more about the acceleration clause.
Mortgage Basics - 5-MINUTE READ
Scott Steinberg - Oct 16, 2024
What Is The Prime Rate And How Does It Work?
The prime rate is an index that helps determine rates on loans. But how does that work? In our guide, you’ll learn how the prime rate affects your wallet.
Mortgage Basics - 10-MINUTE READ
Cathie Ericson - Sep 25, 2024
Contingent: What It Means In Real Estate
In real estate, “contingent” refers to conditions that must be met for a sale to proceed as planned. Learn how contingencies protect potential home buyers.
Mortgage Basics - 6-MINUTE READ
Ashley Kilroy - Sep 23, 2024
What Does Assessed Value Mean And How Is It Determined?
The assessed value of a home helps determine its worth for property tax purposes. Discover how a home’s value gets assessed and why this matters.