An appraisal gap happens when a home appraises for less than your offer. Learn how appraisal gap coverage works and options to help keep your deal on track.

Joint tenancy is a way to co-own property with the right of survivorship. Learn how joint tenants share ownership and what happens if one owner dies.

A deficiency judgment can leave you owing money after foreclosure. Learn what a deficiency judgment is, when lenders pursue it, and how to avoid one.

Chain of title is a property’s ownership history. Learn what documents it includes, how a title search works, and what can cause title problems.

A subordinate mortgage can have complex financial implications for borrowers. Uncover important realities you need to know about mortgage subordination.

Tenancy in common is when two or more people share ownership of a property. Learn more about tenants in common and how they compare to other tenancy types.

Your mortgage par rate is essentially the baseline rate offered to you by a lender. You may be able to bring this rate down through discount points and more.

Appraisals are often mandatory during a real estate transaction. However, sometimes an appraisal waiver makes sense, can save you money, and expedite your sale.

A bundle of rights in real estate refers to the legal rights associated with property ownership: the rights of possession, control, enjoyment, disposition, a...

Buydowns are methods used by buyers and sellers to lower interest rates in the early years of a new mortgage. Find out if a buydown is right for you.

An alienation clause requires a mortgage to be paid off when a home is sold or transferred. Learn how it works, common exceptions, and when it applies.

The Federal Home Loan Mortgage Corp., better known as Freddie Mac, buys conforming conventional loans from private lenders to keep the mortgage market liquid.

Want to protect yourself from higher mortgage rates? Read our article to learn all about the float-down option and how it can work with a mortgage rate lock....

An interest rate floor is the lowest agreed-upon rate for adjustable-rate loan products. Learn how the interest rate floor works and its impact on your loan.

If you’re unable to get a mortgage on your own, adding a co-borrower may increase your chances of approval. Learn more about how adding a co-borrower can ...

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

A mortgage contingency in a purchase agreement allows you to back out of the home purchase if you can't secure financing. Learn more about how it works.

If you have a mortgage, you already have one lien on your property. However, there are other types of liens, and some can make it harder to sell the property.