Mortgage Learning Center

The home of the ZERO blog.

The home buying and refinancing processes can be lengthy, and there may be various obstacles you’ll need to navigate along the way.

Our Mortgage Learning Center brings together information you can use to learn how to buy or refinance your home.

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FAQs

This is where we ask the questions you’re about to ask before you ask them.

Mortgage Terms

So, you wanna buy a house? Here’s how you can make the whole process less sucky.

blog-hero-placeholder
How To Buy A House: A Beginner’s Guide

Purchasing real estate is not as simple as finding the right home, submitting an offer, and signing the closing paperwork; many more steps are involved. The home buying process can sometimes be lengthy, and there may be...

All Blog Topics

Click one of the tags below to see all blogs on that topic.
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Buying a House

mortgage-insurance
Do You Have to Have Mortgage Insurance?

Mortgage insurance is something millions of homeowners pay for each year. However, this type of insurance does not protect the homeowner.

30-year-mortgage
30-Year Mortgage: Everything You Need to Know

When you first set out to buy a home, it can feel like you’re taking an exam you forgot to study for. You have to make quick decisions that can have ramifications on...

what-is-rent-to-own
What Is Rent To Own? Pros, Cons, and Answers

Buying a home can be a challenge for a lot of people. Between the credit score requirements, debt to income ratios, and down payment, it comes at no surprise that buying...

modular-homes
Modular Homes: What Are They & Should You Buy One?

Modular homes, also known as prefabricated homes, have come a long way in recent years. As technology continues to advance, the designs, materials, and ‘craftsmanship’...

how-to-buy-a-house-with-no-credit
No Hassle Lending: Can You Buy a House With No Credit?

If you’re preparing to buy a home, you have likely already read up on what kind of documentation is needed to qualify for a home loan. In the process of doing so, you’ve...

pre-qualified-vs-pre-approved
Pre-Qualified vs. Pre-Approved Mortgage: Understanding the Difference

When looking to buy or refinance a house, the pre-qualified vs pre-approved mortgage debate can be confusing. Pre-qualification is usually performed by an independent...

property-owners-association
Property Owner’s Association: COA, HOA, POA, What's the difference?

Some homebuyers refuse to purchase a property if it is part of a property owner association. On the other hand, many other homebuyers intentionally seek out properties...

reo-foreclosure
REO Foreclosure: Understanding Real Estate Owned Foreclosure

REO, or real estate owned, properties can be a great investment. The value of REO foreclosures makes these properties attractive opportunities. However, there are some...

rental-property-expenses
Rental Property Expenses Guide For Investors

Rental properties are one of the best and prevalent investments in the real estate world. From providing stellar tax incentives and passive income to producing top-notch...

foreclosed-homes
Should You Buy a Foreclosed Home? Things to Consider Before Buying

Buying a foreclosed home can be a great opportunity when it’s done correctly. You could end up with a great home that you purchased at a bargain, meaning you have equity...

tenancy-in-common
Tenancy In Common: Understanding TIC And How It Works

When it comes to property ownership, there are several ways that people can hold titles. Tenancy in common (TIC) is one of these types of ownership.

hoa-fees
Understanding HOA Fees | Homeowner’s 2022 Guide

Research indicates that 58% of homeowners in HOA communities and single-family homes pay an average monthly fee of $250. Despite this substantial number, homeowners lack...

land-loans
Understanding Land Loans: Complete Land Loan Guide

Many people choose to purchase an existing home to live in, but maybe your dream is slightly different. Perhaps your perfect living situation is a house you build on...

mortgage-loan-originator
Understanding What a Loan Originator is and Their Role

Loan originators are the people who help you find a loan that suits your financial needs. They work for banks, mortgage companies, and other lenders. Their job is to...

5-1-arm
What is a 5/1 ARM Loan? | Ultimate 5/1 ARM Guide

What is a 5/1 ARM loan? When it comes to different financing types, you can score for buying or refinancing homes. Mortgage lenders can choose between a plethora of...

types-of-loans
What Are The Different Types Of Mortgage Loans?

It’s very likely that your mortgage loan will be the largest loan you have during your lifetime. Mortgages are not a one size fits all approach, there are many different...

seller-concessions
What Are Seller Concessions & How Do They Work?

Seller concessions, sometimes referred to as seller contributions, are made during the purchase of a home. They are agreements between a buyer and seller about who will...

mortgage-loans
What Are Mortgage Loans and How Do They Work?

For many people, owning a home is part of the American dream. To make this dream a reality, most people will need to take out a mortgage loan to help them finance the...

mortgage-fees
What Are Mortgage Fees and Closing Costs?

Whenever you’re looking to buy a house, you’ll quickly realize there are a lot of fees associated with obtaining a mortgage. These fees can quickly add up, so it’s...

balloon-mortgage
What Is A Balloon Mortgage?

Have you decided this is the year to buy a new home? Good for you! When you begin your research for the right mortgage loan for you, you’re going to be focused on...

bridge-loans
What Is a Bridge Loan? Everything You Need to Know

A bridge loan is a short-term loan a borrower may use while a more long-term financing contract is finalized. Bridge loans are common in real estate when someone needs...

buyers-agent
What Is a Buyer's Agent? | A Complete Guide to Buyer’s Agents

Just imagine how life-changing it would be if there were a friendly, knowledgeable professional on your side for all of the big decisions in life. When it comes to...

what-is-a-conventional-loan
What is a Conventional Loan?

Conventional loans are mortgage loans offered by private lenders, banks, and institutions that are not backed by the government. Unlike FHA, USDA, or VA loans, which are...

what-is-a-down-payment
What Is A Down Payment?

There’s a lot of expenses to keep in mind when you’re thinking about buying a home. Between the price of the home, property taxes, your mortgage payments, insurance, and...

what-is-a-duplex
What is A Duplex? Buying a Duplex as an Investment and a Home!

Most of us are aware of the difference between single-family homes and large apartment buildings, but what about the types of properties in between? Duplexes, along with...

what-is-a-home-equity-loan
What is a Home Equity Loan?

A home equity loan is a loan option that enables homeowners to borrow money based on how much equity they have built up in their home. If you are preparing to make...

house-deed
What is a House Deed? Home Buying Fundamentals

For homeowners and prospective homebuyers alike, few documents carry as much legal weight as the house deed. But if you’re unfamiliar with the world of real estate,...

what-is-a-jumbo-loan
What is a Jumbo Loan?

In the mortgage community, the term “jumbo loan” is used to describe a mortgage that exceeds the limit established by the Federal Housing Authority (FHA). These loans...

what-is-a-loan-estimate
What is a Loan Estimate?

A loan estimate gives you the opportunity to know the details of the mortgage before you accept and compare offers from different lenders to determine which works best...

what-is-a-mortgage-broker
What Is a Mortgage Broker?: Definition, Duties, and Advantages

There are many moving parts and various people you’ll deal with throughout the process of purchasing a home. Depending on how you decide to find your lender, one of the...

what-is-a-mortgage
What Is A Mortgage?

If you’re looking to buy a house, and do not have a mountain of cash saved up, you’ll need to consider getting a mortgage to help you finance this large expense. But...

mortgagee-clause
What is a Mortgagee Clause?

Of all the moving pieces of the puzzle that makes up the home-buying process, the mortgagee clause is one that’s often easy to forget, especially for homeowners. Read on...

pocket-listing
What Is a Pocket Listing? Home Selling Fundamentals

If you’ve been thinking of selling your house or buying a new property recently, odds are you’ve probably heard the term pocket listing. But what is a pocket listing?...

private-mortgage-lenders
What is a Private Mortgage?: Understanding Hard Money Lenders

Considering the complexities of today’s real estate market, many potential buyers are asking themselves, “Should I buy a house now?” In many places, the current market...

what-is-a-usda-loan
What is a USDA Loan?

With low-interest rates and minimal upfront payments, the USDA loan is an excellent option for low- and moderate-income buyers interested in rural land. Here we’ll break...

adjustable-rate-mortgage
What Is An Adjustable Rate Mortgage (ARM)?

What is an ARM, and how does it work? Here, we’ll discuss the ins and outs of adjustable-rate mortgage options and see if an ARM is the right type of mortgage for you.

what-is-debt-to-income-ratio
What Is Debt To Income Ratio?

Your Debt-To-Income ratio, or “DTI” for short, is essentially all of your monthly debt payments divided by your monthly gross income. DTI is typically shown as a...

earnest-money
What Is Earnest Money? | Earnest Money Deposit Explained

If you find a property that you’re highly interested in buying but are concerned that the seller might choose another offer over your own, you may consider making a...

what-is-escrow
What Is Escrow? Understanding The Process

If you’re buying a home, it’s nearly impossible to avoid hearing someone talk about escrow. This may be a foreign word as it’s not necessarily part of someone's normal...

what-is-fannie-mae
What Is Fannie Mae?

Fannie Mae is a government sponsored enterprise (GSE) that makes homeownership possible for millions of Americans. If you’re interested in buying a home, you’ll likely...

what-is-freddie-mac
The Federal Home Loan Mortgage Corporation: What Is Freddie Mac?

Freddie Mac is a government-sponsored enterprise (GSE), which the congress created in 1970. The original purpose behind Freddie Mac, which still serves as the guiding...

mls-listings
What Is MLS? Understanding Multiple Listing Service In Real Estate

When you’re in the process of buying a home, you’ll often work with a single real estate agent who will help you to find the perfect place for you and your family to...

mortgage-underwriting
What Is Mortgage Underwriting?

You finally found your dream home. You’re already envisioning what color to paint the kitchen and turning that room on the main floor into your private oasis. But before...

private-mortgage-insurance
What Is Private Mortgage Insurance?

Private Mortgage Insurance, or “PMI” for short, is the type of insurance that you may be required to pay with a mortgage loan.

property-and-casualty-insurance
What is Property and Casualty Insurance

Insurance offers financial protection, helping you in times of need. One excellent and necessary type of insurance is property and casualty insurance. Otherwise known as...

home-appraisal-process
What Is The Home Appraisal Process? How Appraisals Work

Buying a home? You’ll likely need to get it appraised before you receive the clear to close. If you’re wondering what is the home appraisal process, or why you should...

no-money-down-mortgage
Zero-Down: Is It Bad to Put No Payment Down on a Mortgage?

The vast majority of mortgage loans require you to put down a certain percentage of the selling price upfront. However, not everyone can afford to put down that much...

what-is-a-va-loan
What Is A VA Loan? Here Is What America’s Veterans Should Know

If you’re an active service member, a veteran, or the spouse of a veteran, and you want to purchase a home or refinance your current home loan you should consider a VA...

mortgage-lenders
Can You Change Mortgage Lenders? How To Change Your Mortgage Lender

In today's day and age, there are a lot of reasons why homeowners are looking for new mortgage lenders. With mortgage rates dropping to historically low levels, now is a...

condo-mortgage
Condo Mortgages: What You Need to Know Before Financing a Condo

Purchasing a condominium is a home purchase; however, condo financing differs from conventional single-family home mortgages. Buying a condominium comes with its own set...

buying-a-house-during-coronavirus
Buying a House During COVID-19: A Pandemic’s Impact On Mortgages

There’s no doubt, COVID-19 changed the world in countless ways and took us all by surprise. From an economic standpoint, countless industries were shaken and disrupted....

what-is-the-difference-between-interest-rate-and-apr
What Is The Difference Between Interest Rate And APR?

Whenever you are borrowing money, whether it’s for a mortgage, credit card, or car loan, you’ll hear the terms interest rate and APR discussed quite a bit. Both of these...

how-much-can-i-borrow
How Much Can I Borrow For My Mortgage?

When purchasing your dream home, the first question you should ask yourself is, “How much can I afford?” From there, it’s also wise to consider the amount of money you...

how-much-house-can-i-afford
How Much House Can I Afford? Pre-Approval vs. Your Finances

If you have gone through the preapproval process but need to take a deeper dive into how much house to buy, follow our guide to find out what makes the most financial...

home-loans-for-bad-credit
How to Buy a House With Bad Credit

Buying a house is one of the most important investments you will ever make. Your home will be your safe place and your sanctuary from the outside world.

types-of-houses
Types of Houses That Most Affect Mortgage Terms and Appraisal Values

Owning a home is an investment. Like any investment, a house has an opportunity to appreciate or depreciate its value over time. Any homeowner would want to see their...

low-income-home-loans
Low Income Home Loans: 12 Programs and Options Available Today

Buying a home can be more difficult if you have a low yearly income or have trouble saving up the money necessary for a down payment. Luckily, there are multiple loan...

mortgage-pre-approval-checklist
Mortgage Pre-approval Checklist: What Documents Do You Need?

Whenever you apply for a new mortgage, you’ll be required to provide the lender with what seems like an endless amount of documentation. All of this documentation helps...

credit-score
What Credit Score is Needed to Buy a House?

One of the most important parts of preparing to buy a home is having a solid credit score. Building up your credit over time shows that you’re capable of paying off a...

what-is-hoa
What is HOA?: First Time Home Buyers Guide to HOA

Whether you’re a first-time buyer or you’ve purchased a home before, you’ve likely heard of a homeowner’s association. In fact, an in-depth study has shown that 58% of...

home-inspection
Ultimate Buyer's Guide to Home Inspections (It’s Not Pass or Fail!)

While it’s exciting to put in an offer on a home and have it accepted, it’s by no means the end of the homebuying process. One of the most important next steps is the...

buy-a-house
Should I Buy a House Now? What to Expect When Buying a House in 2022

At the beginning of the COVID-19 pandemic, toilet paper was the hottest commodity. While that has changed over the course of the viral outbreak, a piping hot housing...

rent-vs-buy
Rent vs. Buy: Millennials and Home Buying Guide

Owning a home has always been part of the American dream. The desire to purchase a home has been exacerbated by COVID-19 and has caused people to leave the city in...

first-time-home-buyer
Mortgages For the First-Time Home Buyer: Ultimate Loan Guide

If you’re new to buying a home, you probably have quickly realized the overwhelming amount of options there are for your mortgage. To help you get your bearings as a...

closing-on-a-house
How to Close on Your New House, Quickly

If you’ve already gone through the lengthy process of writing offers, securing financing, and arranging inspections for your potential property, you’re probably ready to...

best-mortgage-lender
How to Choose the Best Mortgage Lender

One of the most important steps to buying a home is deciding on a mortgage loan and deciding on a loan involves settling on a good mortgage lender. Because a mortgage...

fha-vs-conventional
FHA vs. Conventional Loans - What Are The Differences?

FHA and conventional loans are the two most popular loan options available to nearly every buyer. While it’s commonly expected that the FHA loan is for first time...

down-payment-assistance-programs
Down Payment Assistance Programs for First Time Home Buyers

One of the biggest challenges of purchasing a home is saving up enough money for the down payment. Despite popular belief, there are many down payment assistance options...

unexpected-expenses
8 Hidden Costs: Home Buyers' Guide to Unexpected Expenses

First time home buyers are often surprised when they learn about all of the expenses that are associated with purchasing and owning a home. Afterall, the purchase price...

property-tax
How To Lower Property Tax: 5 Ways to Save on Your Property Taxes

In addition to other costs associated with homeownership, property taxes have to be paid to state and/or local governments every year. Property taxes vary depending on...

how-to-buy-a-house
How To Buy A House: A Beginner’s Guide

Purchasing real estate is not as simple as finding the right home, submitting an offer, and signing the closing paperwork; many more steps are involved. The home buying...

Mortgage 101

modular-homes
Modular Homes: What Are They & Should You Buy One?

Modular homes, also known as prefabricated homes, have come a long way in recent years. As technology continues to advance, the designs, materials, and ‘craftsmanship’...

new-home-construction-loans
New Home Construction Loans For Your Dream House

Interested in buying a new construction home? Good for you! The ability to influence the final outcome of the home is a goal many people hope to achieve. If you plan on...

how-to-buy-a-house-with-no-credit
No Hassle Lending: Can You Buy a House With No Credit?

If you’re preparing to buy a home, you have likely already read up on what kind of documentation is needed to qualify for a home loan. In the process of doing so, you’ve...

pre-qualified-vs-pre-approved
Pre-Qualified vs. Pre-Approved Mortgage: Understanding the Difference

When looking to buy or refinance a house, the pre-qualified vs pre-approved mortgage debate can be confusing. Pre-qualification is usually performed by an independent...

mortgage-payoff
Mortgage Payoff Guide | Understanding Mortgage Repayment

If you are falling behind on your monthly mortgage payments or are concerned that you may not be able to make them in the near future, consider a mortgage payoff plan....

tenancy-in-common
Tenancy In Common: Understanding TIC And How It Works

When it comes to property ownership, there are several ways that people can hold titles. Tenancy in common (TIC) is one of these types of ownership.

home-appreciation-calculator
Understanding Home Appreciation: Home Appreciation Calculator

People buy their homes for a number of reasons. Affordability, stability, and comfort are some of the most important factors. However, appreciation must also be...

land-loans
Understanding Land Loans: Complete Land Loan Guide

Many people choose to purchase an existing home to live in, but maybe your dream is slightly different. Perhaps your perfect living situation is a house you build on...

mortgage-loan-originator
Understanding What a Loan Originator is and Their Role

Loan originators are the people who help you find a loan that suits your financial needs. They work for banks, mortgage companies, and other lenders. Their job is to...

pre-foreclosure
Pre-Foreclosure? What Does It Mean & What To Do

A home doesn’t just fall into foreclosure status. There are stages and processes that take place behind the scenes before a home is sold via foreclosure. One of those...

types-of-loans
What Are The Different Types Of Mortgage Loans?

It’s very likely that your mortgage loan will be the largest loan you have during your lifetime. Mortgages are not a one size fits all approach, there are many different...

seller-concessions
What Are Seller Concessions & How Do They Work?

Seller concessions, sometimes referred to as seller contributions, are made during the purchase of a home. They are agreements between a buyer and seller about who will...

i-cant-pay-my-mortgage-what-are-my-options
I Can't Pay My Mortgage, What Are My Options?

Realizing you might not be able to pay your upcoming mortgage payments can be stressful. Whether your source of income has changed or your life circumstances have made...

mortgage-loans
What Are Mortgage Loans and How Do They Work?

For many people, owning a home is part of the American dream. To make this dream a reality, most people will need to take out a mortgage loan to help them finance the...

mortgage-fees
What Are Mortgage Fees and Closing Costs?

Whenever you’re looking to buy a house, you’ll quickly realize there are a lot of fees associated with obtaining a mortgage. These fees can quickly add up, so it’s...

balloon-mortgage
What Is A Balloon Mortgage?

Have you decided this is the year to buy a new home? Good for you! When you begin your research for the right mortgage loan for you, you’re going to be focused on...

buyers-agent
What Is a Buyer's Agent? | A Complete Guide to Buyer’s Agents

Just imagine how life-changing it would be if there were a friendly, knowledgeable professional on your side for all of the big decisions in life. When it comes to...

what-is-a-conventional-loan
What is a Conventional Loan?

Conventional loans are mortgage loans offered by private lenders, banks, and institutions that are not backed by the government. Unlike FHA, USDA, or VA loans, which are...

what-is-a-down-payment
What Is A Down Payment?

There’s a lot of expenses to keep in mind when you’re thinking about buying a home. Between the price of the home, property taxes, your mortgage payments, insurance, and...

what-is-a-home-equity-loan
What is a Home Equity Loan?

A home equity loan is a loan option that enables homeowners to borrow money based on how much equity they have built up in their home. If you are preparing to make...

house-deed
What is a House Deed? Home Buying Fundamentals

For homeowners and prospective homebuyers alike, few documents carry as much legal weight as the house deed. But if you’re unfamiliar with the world of real estate,...

what-is-a-jumbo-loan
What is a Jumbo Loan?

In the mortgage community, the term “jumbo loan” is used to describe a mortgage that exceeds the limit established by the Federal Housing Authority (FHA). These loans...

what-is-a-loan-estimate
What is a Loan Estimate?

A loan estimate gives you the opportunity to know the details of the mortgage before you accept and compare offers from different lenders to determine which works best...

what-is-a-mortgage
What Is A Mortgage?

If you’re looking to buy a house, and do not have a mountain of cash saved up, you’ll need to consider getting a mortgage to help you finance this large expense. But...

mortgagee-clause
What is a Mortgagee Clause?

Of all the moving pieces of the puzzle that makes up the home-buying process, the mortgagee clause is one that’s often easy to forget, especially for homeowners. Read on...

pocket-listing
What Is a Pocket Listing? Home Selling Fundamentals

If you’ve been thinking of selling your house or buying a new property recently, odds are you’ve probably heard the term pocket listing. But what is a pocket listing?...

private-mortgage-lenders
What is a Private Mortgage?: Understanding Hard Money Lenders

Considering the complexities of today’s real estate market, many potential buyers are asking themselves, “Should I buy a house now?” In many places, the current market...

mortgage-forbearance
What is Forbearance? Understanding Mortgage Forbearance

In times of economic hardship, like the present economic events caused by the COVID-19 pandemic, many homeowners struggle to meet their mortgage payments. Employers end...

what-is-freddie-mac
The Federal Home Loan Mortgage Corporation: What Is Freddie Mac?

Freddie Mac is a government-sponsored enterprise (GSE), which the congress created in 1970. The original purpose behind Freddie Mac, which still serves as the guiding...

mls-listings
What Is MLS? Understanding Multiple Listing Service In Real Estate

When you’re in the process of buying a home, you’ll often work with a single real estate agent who will help you to find the perfect place for you and your family to...

mortgage-underwriting
What Is Mortgage Underwriting?

You finally found your dream home. You’re already envisioning what color to paint the kitchen and turning that room on the main floor into your private oasis. But before...

no-money-down-mortgage
Zero-Down: Is It Bad to Put No Payment Down on a Mortgage?

The vast majority of mortgage loans require you to put down a certain percentage of the selling price upfront. However, not everyone can afford to put down that much...

what-is-a-va-loan
What Is A VA Loan? Here Is What America’s Veterans Should Know

If you’re an active service member, a veteran, or the spouse of a veteran, and you want to purchase a home or refinance your current home loan you should consider a VA...

condo-mortgage
Condo Mortgages: What You Need to Know Before Financing a Condo

Purchasing a condominium is a home purchase; however, condo financing differs from conventional single-family home mortgages. Buying a condominium comes with its own set...

what-is-hoa
What is HOA?: First Time Home Buyers Guide to HOA

Whether you’re a first-time buyer or you’ve purchased a home before, you’ve likely heard of a homeowner’s association. In fact, an in-depth study has shown that 58% of...

mortgage-broker
What Is A Mortgage Broker?: What To Know Before Using One

Shopping for a mortgage is one of the most challenging and arduous parts of purchasing your home. During this process, most home buyers seek expert mortgage brokers to...

mortgage-delinquency
Mortgage Delinquency: What to Do & How to Fix It

No one ever buys a home expecting to go delinquent on their mortgage payment. However, various economic and financial crises may come up in one’s life, which may cause...

mortgage-insurance
Do You Have to Have Mortgage Insurance?

Mortgage insurance is something millions of homeowners pay for each year. However, this type of insurance does not protect the homeowner.

30-year-mortgage
30-Year Mortgage: Everything You Need to Know

When you first set out to buy a home, it can feel like you’re taking an exam you forgot to study for. You have to make quick decisions that can have ramifications on...

Owning a House

property-owners-association
Property Owner’s Association: COA, HOA, POA, What's the difference?

Some homebuyers refuse to purchase a property if it is part of a property owner association. On the other hand, many other homebuyers intentionally seek out properties...

recast-mortgage
Recast Mortgage: Everything You Need to Know About Mortgage Recasting

A mortgage is often the largest monthly expense that people pay. The thought of reducing the amount of money you owe each month comes to mind for just about every...

mortgage-payoff
Mortgage Payoff Guide | Understanding Mortgage Repayment

If you are falling behind on your monthly mortgage payments or are concerned that you may not be able to make them in the near future, consider a mortgage payoff plan....

should-i-refinance-my-mortgage
Should I Refinance?

There are a few main reasons why people consider refinancing their mortgages. You need to consider what your main goal is with refinancing. If there is a lower interest...

tenancy-in-common
Tenancy In Common: Understanding TIC And How It Works

When it comes to property ownership, there are several ways that people can hold titles. Tenancy in common (TIC) is one of these types of ownership.

hoa-fees
Understanding HOA Fees | Homeowner’s 2022 Guide

Research indicates that 58% of homeowners in HOA communities and single-family homes pay an average monthly fee of $250. Despite this substantial number, homeowners lack...

home-appreciation-calculator
Understanding Home Appreciation: Home Appreciation Calculator

People buy their homes for a number of reasons. Affordability, stability, and comfort are some of the most important factors. However, appreciation must also be...

home-appraiser
What A Home Appraiser Looks for When Refinancing

A home appraiser plays a big part in the majority of homeowners looking to refinance their homes.

pre-foreclosure
Pre-Foreclosure? What Does It Mean & What To Do

A home doesn’t just fall into foreclosure status. There are stages and processes that take place behind the scenes before a home is sold via foreclosure. One of those...

i-cant-pay-my-mortgage-what-are-my-options
I Can't Pay My Mortgage, What Are My Options?

Realizing you might not be able to pay your upcoming mortgage payments can be stressful. Whether your source of income has changed or your life circumstances have made...

refinance-fees
What Are Mortgage Refinance Fees & What Can You Do to Lower Them?

Refinancing your home can save you thousands of dollars per year! When you extrapolate that savings over the lifetime of your loan, it’s no secret why refinancing seems...

what-is-a-duplex
What is A Duplex? Buying a Duplex as an Investment and a Home!

Most of us are aware of the difference between single-family homes and large apartment buildings, but what about the types of properties in between? Duplexes, along with...

house-deed
What is a House Deed? Home Buying Fundamentals

For homeowners and prospective homebuyers alike, few documents carry as much legal weight as the house deed. But if you’re unfamiliar with the world of real estate,...

what-is-a-mortgage
What Is A Mortgage?

If you’re looking to buy a house, and do not have a mountain of cash saved up, you’ll need to consider getting a mortgage to help you finance this large expense. But...

mother-in-law-suite
What Is a Mother-In-Law Suite, and Should You Have One?

Multigenerational living is on the upswing as an increasingly high number of households are embracing cohabitation. The reason could be to fulfill a specific need or...

mortgage-forbearance
What is Forbearance? Understanding Mortgage Forbearance

In times of economic hardship, like the present economic events caused by the COVID-19 pandemic, many homeowners struggle to meet their mortgage payments. Employers end...

private-mortgage-insurance
What Is Private Mortgage Insurance?

Private Mortgage Insurance, or “PMI” for short, is the type of insurance that you may be required to pay with a mortgage loan.

property-and-casualty-insurance
What is Property and Casualty Insurance

Insurance offers financial protection, helping you in times of need. One excellent and necessary type of insurance is property and casualty insurance. Otherwise known as...

home-appraisal-process
What Is The Home Appraisal Process? How Appraisals Work

Buying a home? You’ll likely need to get it appraised before you receive the clear to close. If you’re wondering what is the home appraisal process, or why you should...

when-was-my-house-built
When Was My House Built? 10 Ways To Find Out When Your House Was Built

Ever asked yourself the question, “How old is my house?” It’s not uncommon for property owners to want to know the age of their property and the history behind their...

home-improvement
Home Improvement: 8 Budget-Friendly DIY Changes For Your Home

Innovative and cost-effective home improvements ideas are all over the internet, especially when it comes to DIY projects that will add value to your home without...

hoa-rules
HOA Rules: Guide to Homeowner’s Association Rules and Regulations

If you’re looking to buy a house that is part of an HOA, then you’ll want to be educated about HOA rules and regulations. Many homebuyers deliberately seek out homes...

what-is-property-tax
How Do Property Taxes Work?

Whenever you’re looking to buy a home, you need to understand the all in cost of that home. Doing this will help you budget and plan accordingly.

how-to-opt-out-of-hoa
Refusing To Join An HOA: Can It Be Done? How To Opt Out of an HOA

Buying a home or condo is a costly process. On top of the down payment, mortgage, and closing costs, some properties come with yet another added set of fees and...

homeowners-insurance
Ultimate Homeowners Insurance 2022 Guide: Mortgages 101

When you buy a house and start making mortgage payments, your payment consists of four different components, known by the acronym PITI, which refers to Principal,...

property-tax-calculator
Property Tax Calculator

There are a lot of expenses associated with purchasing a home. A homebuyer will need to set aside enough money for the down payment and various closing costs. But as a...

mortgage-insurance
Do You Have to Have Mortgage Insurance?

Mortgage insurance is something millions of homeowners pay for each year. However, this type of insurance does not protect the homeowner.

Refinancing

should-i-refinance-my-mortgage
Should I Refinance?

There are a few main reasons why people consider refinancing their mortgages. You need to consider what your main goal is with refinancing. If there is a lower interest...

home-appraiser
What A Home Appraiser Looks for When Refinancing

A home appraiser plays a big part in the majority of homeowners looking to refinance their homes.

5-1-arm
What is a 5/1 ARM Loan? | Ultimate 5/1 ARM Guide

What is a 5/1 ARM loan? When it comes to different financing types, you can score for buying or refinancing homes. Mortgage lenders can choose between a plethora of...

types-of-loans
What Are The Different Types Of Mortgage Loans?

It’s very likely that your mortgage loan will be the largest loan you have during your lifetime. Mortgages are not a one size fits all approach, there are many different...

refinance-fees
What Are Mortgage Refinance Fees & What Can You Do to Lower Them?

Refinancing your home can save you thousands of dollars per year! When you extrapolate that savings over the lifetime of your loan, it’s no secret why refinancing seems...

what-is-a-loan-estimate
What is a Loan Estimate?

A loan estimate gives you the opportunity to know the details of the mortgage before you accept and compare offers from different lenders to determine which works best...

what-is-a-mortgage
What Is A Mortgage?

If you’re looking to buy a house, and do not have a mountain of cash saved up, you’ll need to consider getting a mortgage to help you finance this large expense. But...

adjustable-rate-mortgage
What Is An Adjustable Rate Mortgage (ARM)?

What is an ARM, and how does it work? Here, we’ll discuss the ins and outs of adjustable-rate mortgage options and see if an ARM is the right type of mortgage for you.

cash-in-refinance
What is a Cash-In Refinance?

What is a Cash-In Refinance?

If you’re making high monthly payments on a mortgage but can’t qualify for a refinance, you might have heard of the opportunity for a...

what-is-the-difference-between-interest-rate-and-apr
What Is The Difference Between Interest Rate And APR?

Whenever you are borrowing money, whether it’s for a mortgage, credit card, or car loan, you’ll hear the terms interest rate and APR discussed quite a bit. Both of these...

refinance-checklist
Mortgage Refinance Checklist

The All-Encompassing Mortgage Refinance Checklist

Refinancing opens up great opportunities for homeowners to cash out on equity, reduce monthly mortgage payments, or...

what-documents-do-i-need-to-refinance-my-mortgage
What Documents Do I Need To Refinance My Mortgage?

The interest rate on a mortgage is simply the fee a lender charges the borrower for borrowing their money. Over the lifetime of the loan, the interest expense certainly...

cash-out-refinance
What is a Cash-Out Refinance?

A cash-out refinance is the process of taking the equity you have built in your home in the form of a cash deposit into a designated account or physical check. Many...

refinance-process
How to Refinance a Mortgage: Refinancing Process Guide

Consider this scenario. You bought a house several years ago, and at the time, you thought you got a pretty great deal. However, since you closed on your new residence, ...

recast-mortgage
Recast Mortgage: Everything You Need to Know About Mortgage Recasting

A mortgage is often the largest monthly expense that people pay. The thought of reducing the amount of money you owe each month comes to mind for just about every...

Selling a House

realtor-fees
Realtor Fees: What to Expect When Selling a House

Have you heard of real estate agents before? Do you know what realtor fees are?

tenancy-in-common
Tenancy In Common: Understanding TIC And How It Works

When it comes to property ownership, there are several ways that people can hold titles. Tenancy in common (TIC) is one of these types of ownership.

home-appreciation-calculator
Understanding Home Appreciation: Home Appreciation Calculator

People buy their homes for a number of reasons. Affordability, stability, and comfort are some of the most important factors. However, appreciation must also be...

seller-concessions
What Are Seller Concessions & How Do They Work?

Seller concessions, sometimes referred to as seller contributions, are made during the purchase of a home. They are agreements between a buyer and seller about who will...

i-cant-pay-my-mortgage-what-are-my-options
I Can't Pay My Mortgage, What Are My Options?

Realizing you might not be able to pay your upcoming mortgage payments can be stressful. Whether your source of income has changed or your life circumstances have made...

bridge-loans
What Is a Bridge Loan? Everything You Need to Know

A bridge loan is a short-term loan a borrower may use while a more long-term financing contract is finalized. Bridge loans are common in real estate when someone needs...

house-deed
What is a House Deed? Home Buying Fundamentals

For homeowners and prospective homebuyers alike, few documents carry as much legal weight as the house deed. But if you’re unfamiliar with the world of real estate,...

earnest-money
What Is Earnest Money? | Earnest Money Deposit Explained

If you find a property that you’re highly interested in buying but are concerned that the seller might choose another offer over your own, you may consider making a...

what-is-escrow
What Is Escrow? Understanding The Process

If you’re buying a home, it’s nearly impossible to avoid hearing someone talk about escrow. This may be a foreign word as it’s not necessarily part of someone's normal...

home-appraisal-process
What Is The Home Appraisal Process? How Appraisals Work

Buying a home? You’ll likely need to get it appraised before you receive the clear to close. If you’re wondering what is the home appraisal process, or why you should...

home-selling-checklist
Home Selling Checklist: Everything You Need To Finish Before You Sell

Selling your home for your desired price isn’t as simple as sticking a ‘For Sale’ sign in your front yard and signing a few papers. If you want to get top dollar for...

how-much-does-it-cost-to-sell-a-house
How Much Does It Cost to Sell a House?

The current real estate market is on fire! If you’re a homeowner, you might be wondering, “How much does it cost to sell a house?” After all, houses in your market may...

how-to-sell-your-house
How To Sell Your House: A Complete Guide To Selling A House

While most of us dream of selling our home quickly and effortlessly, it usually doesn’t work out that way. Here’s a guide on how to sell your house that covers how to...

Ultimate Guides

mortgage-payoff
Mortgage Payoff Guide | Understanding Mortgage Repayment

If you are falling behind on your monthly mortgage payments or are concerned that you may not be able to make them in the near future, consider a mortgage payoff plan....

hoa-fees
Understanding HOA Fees | Homeowner’s 2022 Guide

Research indicates that 58% of homeowners in HOA communities and single-family homes pay an average monthly fee of $250. Despite this substantial number, homeowners lack...

5-1-arm
What is a 5/1 ARM Loan? | Ultimate 5/1 ARM Guide

What is a 5/1 ARM loan? When it comes to different financing types, you can score for buying or refinancing homes. Mortgage lenders can choose between a plethora of...

bridge-loans
What Is a Bridge Loan? Everything You Need to Know

A bridge loan is a short-term loan a borrower may use while a more long-term financing contract is finalized. Bridge loans are common in real estate when someone needs...

buyers-agent
What Is a Buyer's Agent? | A Complete Guide to Buyer’s Agents

Just imagine how life-changing it would be if there were a friendly, knowledgeable professional on your side for all of the big decisions in life. When it comes to...

homeowners-insurance
Ultimate Homeowners Insurance 2022 Guide: Mortgages 101

When you buy a house and start making mortgage payments, your payment consists of four different components, known by the acronym PITI, which refers to Principal,...

home-inspection
Ultimate Buyer's Guide to Home Inspections (It’s Not Pass or Fail!)

While it’s exciting to put in an offer on a home and have it accepted, it’s by no means the end of the homebuying process. One of the most important next steps is the...

Rates

what-is-the-difference-between-interest-rate-and-apr
What Is The Difference Between Interest Rate And APR?

Whenever you are borrowing money, whether it’s for a mortgage, credit card, or car loan, you’ll hear the terms interest rate and APR discussed quite a bit. Both of these...

federal-reserve-mortgage-rates
How the Federal Reserve System Impacts Mortgage Rates

One of the biggest factors your lender takes into consideration is the fund rate set by the Federal Reserve System. Although this rate isn’t applied directly to...

Renting

rental-property-expenses
Rental Property Expenses Guide For Investors

Rental properties are one of the best and prevalent investments in the real estate world. From providing stellar tax incentives and passive income to producing top-notch...

what-is-rent-to-own
What Is Rent To Own? Pros, Cons, and Answers

Buying a home can be a challenge for a lot of people. Between the credit score requirements, debt to income ratios, and down payment, it comes at no surprise that buying...