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.

 Read More 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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A man and women unboxing cardboard boxes after moving into the new residence.

Mortgage Basics - 5-MINUTE READ

Miranda Crace - Nov 19, 2024

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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Mortgage Basics - 5-MINUTE READ

Scott Steinberg - Nov 15, 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.

Man in suit reviewing stock market charts and numbers.

Mortgage Basics - 12-MINUTE READ

Kevin Graham - Nov 12, 2024

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.
A yard with flowers, representing a beautiful home exterior.

Mortgage Basics - 5-MINUTE READ

Sarah Lozanova - Nov 7, 2024

What Does Collateral Mean And How Does It Work?

Collateral is any asset a lender accepts to secure a loan. Explore different types of collateral loans, their pros and cons, and how to get one.
Woman sorting letters at a desk.

Mortgage Basics - 6-MINUTE READ

Kevin Graham - Nov 6, 2024

How A Fed Rate Drop Affects Home Buyers And Sellers

What’s the impact on home buyers and sellers when the federal funds rate drops? Learn how a Fed rate drop impacts interest rates and home loans.

Two individuals discussing a mortgage prequalification.

Mortgage Basics - 6-MINUTE READ

Dan Miller - Nov 5, 2024

Mortgage Prequalification: What Is It And How Does It Work?

Mortgage prequalification gives you an estimate of the amount you can borrow to buy a house. Learn more about the loan prequalification process here.