Mortgage Basics

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What Do Mortgage Lenders Look For?

Mortgage lenders consider many factors when deciding whether to approve or deny a loan application. Learn what these factors are to determine if you qualify.

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Deed Vs. Title: A Guide To Understanding The Difference

A deed is a legal document that transfers ownership, while a title proves legal ownership without one. Use this guide to learn more about deed vs title distinctions.

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What Are Mortgage Points and How Do They Work?

Mortgage points can help you pay less for your home loan but are they worth it? Learn more about how mortgage points work, the cost and when to consider them.

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How Your Credit Score Affects Your Mortgage Rate

Credit scores and mortgage rates go hand in hand, and a healthy credit history can save you money. Learn what you can do with your credit to get a great rate.

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Can You Use A VA Loan To Buy A Condo?

You can use a VA loan to buy a condo, if it’s on the list of VA-approved condos or can be added. Learn about the special issues that VA condo loans raise.

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Can You Buy A House With No Credit?

Can you buy a house with no credit? In some cases, yes – but there are other factors you'll need to keep in mind as you begin the home buying journey.

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15-Year Vs. 30-Year Mortgage: How To Choose

The main difference between a 15- vs. 30-year mortgage is the length of the term. Learn the distinctions between the two and how to choose the right one for you.

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What Is A Fannie Mae HomePath Property And Should You Buy One?

The Fannie Mae HomePath program helps home buyers purchase foreclosed homes. Learn more about HomePath properties and how to find one.

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Zero-Down Mortgages: A Guide On How They Work

Qualifying home buyers can buy a home with a zero-down-payment loan. Learn how zero-down mortgages work, their pros and cons and whether it’s right for you.

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FHA Loan Debt-To-Income Ratio Requirements

Your debt-to-income ratio (DTI) for an FHA loan should be 43% or less, but future housing expenses are considered as well. Learn the FHA loan DTI requirements.

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What Is A Mortgage Rate Lock And When Should You Use It?

A mortgage rate lock can prevent your interest rate from increasing while you wait to close on your home. Discover how this protection can benefit you.

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What To Know About VA Loan Credit Score Requirements

VA home loans are a benefit for eligible military service members seeking homeownership. Learn about the minimum credit score for VA loans in our guide.

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Benefits Of A 15-Year Mortgage: Is It Right For You?

The biggest benefit of a 15-year mortgage is the amount you save on interest over time. Weigh the pros and cons of a 15-year loan and see if it’s right for you.

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Grantor Vs. Grantee: What Are They And How Are They Different?

Transfer of property via deed requires a grantor and grantee. Learn the difference between grantor vs. grantee, and see how they function as seller and buyer.

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Does A Buyer Or Seller Pay Closing Costs?

Closing costs are typically 3% – 6% of a house’s sale price, but who pays them and when? Read on to find out whether the buyer, seller orboth pay these costs.

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FHA Loan: How It Works And How To Qualify

The Federal Housing Administration insures FHA loans, which have flexible requirements. Learn how an FHA loan works, how to qualify and if it’s right for you.

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What’s The Average Down Payment On A House For A First-Time Buyer?

The average down payment on a house for a first-time buyer is 6%. Learn more about your down payment options (including how to reduce it) with this guide.

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APR Vs. APY: What’s The Difference?

APR and APY are both measurements of interest. APR measures interest charged, while APY measures interest earned. Learn the contrast between APR vs. APY.