


Mortgage Refinancing: Is It the Right Choice for You?
Introduction Mortgage refinancing is a financial maneuver that involves replacing your existing mortgage with a new o…


The Ultimate Guide to Mortgage Pre Approval
Introduction Navigating the complex world of mortgage financing can be overwhelming, especially for first-time home…


Trust Deed: What is a Trust Deed, How It Works With an Example
What is a Trust Deed ? A trust deed, also known as a deed of trust , is a document that is occasionally used in U.S…


Reasons for the Mortgage Rates Continue to Rise
What Was Said at the November FOMC Meeting: The Federal Open Market Committee (FOMC) voted unanimously to increase th…


What Is a Jumbo Reverse Mortgage?
A jumbo reverse mortgage is an oversized reverse mortgage that enables senior homeowners of high-value homes to borr…


What Is a Jumbo Mortgage Loan?
A jumbo loan, also known as “ jumbo mortgage ”, is one type of financing that exceeds the Federal Housing Finance Agenc…


Different Types of Home Loans
A guide to the various mortgage loan options available to borrowers When shopping for a home loan, it's easy to…


What is an Assumable Mortgage and Which Loan Types May Be Assumed?
An assumable mortgage is a type of financing arrangement in which the current owner's outstanding mortgage and i…


How to do Mortgage Transfer to Another Borrower?
How To Change the Names on a Loan When selling a home or moving out, it may be prudent to attempt to transfer the m…


What is PMI and all about Primary Mortgage Insurance
PMI is a type of mortgage insurance that buyers with less than a 20% down payment are typically required to pay for a c…


What Is an Alternative Mortgage Instrument (AMI)?
A mortgage loan that deviates from standard mortgage practices is an alternative mortgage instrument (AMI). For instanc…


What Is a Mortgage Par Rate and How to Make Adjustments in Par Rate Mortgage
A mortgage loan's par rate is the underwriter-determined interest rate that is applied to all loans of that type. …


What is a Pre-Approval, Types of Pre-Approval Offers and Five Requirements for Mortgage Pre-Approval
A lender will conduct a preliminary evaluation of a potential borrower in order to determine whether or not they are e…

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What Is Mortgage Insurance Premium (MIP)?
Federal Housing Administration-backed loan borrowers pay mortgage insurance premium (MIP) (FHA). Prior to the Tax Cuts …


What Is a Conventional Mortgage or Loan?
A conventional mortgage or conventional loan is any type of homebuyer's loan that is not provided or guaranteed by …


Advantages and Disadvantages of the Mortgage Brokers
A mortgage broker acts as an intermediary between those offering real estate loans and those seeking to purchase prope…


What is Forbearance and Definition
Forbearance is the temporary postponement of loan payments, usually for a mortgage or student loan. Forbearance is gran…


What is Mortgage Insurance and Types of Mortgage Insurance
Mortgage insurance is a type of insurance policy that protects a mortgage lender or titleholder in the event that the b…


What Is a Mortgage Broker and How to Find Mortgage Broker Near Me
A mortgage broker is an intermediary who brings both the mortgage borrowers and mortgage lenders together. Mortgage b…
