Mortgage Terminology

Get clarity on the unique language of mortgage loans

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Featured Articles:

Fixed- Vs. Adjustable-Rate Mortgage (ARM): What’s The Difference?

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.

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.

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6-minute read

House Deed: Defined And Explained

A house deed is a physical document legally transferring ownership of real estate. Learn more about how house deeds affect sellers and buyers.

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6-minute read

Underwriting In The Mortgage Process, Explained

Underwriting is a crucial part of the loan approval process. Learn about what underwriting is, how long it can take, and tips for a successful experience.

3-minute read

What Is A Transfer Tax?

Transfer tax is a one-time fee for the transfer of property ownership. Learn how transfer tax is assessed, rules by state and local governments, and how it works.

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5-minute read

What Is Loan-To-Value Ratio (LTV) And How Is It Calculated?

Your loan-to-value ratio (LTV) measures your loan amount against the value of the home you're buying. Figure out how your LTV ratio is calculated.

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5-minute read

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.

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12-minute read

When Will Mortgage Rates Go Down?

Mortgage rates tend to fluctuate, but certain indicators can signal they’re going to drop. Learn when experts predict home interest rates to go down.