Mortgage basics
Learn about general mortgage topics and terms.

What is a mortgage? Loan basics for beginners
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Mortgage guide
Learn how mortgages work and what it will mean for your finances to have one
Mortgage terminology
Get clarity on the unique language of mortgage loans
Servicing
Answer your questions about escrow, extra payments, and more
Featured resources

6-minute read
Understanding the right of redemption in real estate
If you fall behind on payments and get a foreclosure notice, all hope is not lost. The right of redemption may allow you to keep your home.
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6-minute read
Is a mortgage secured or unsecured debt?
A mortgage is typically secured because your home serves as collateral. Learn how secured vs. unsecured debt works, what happens if you miss payments, and more.
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6-minute read
Should you make one extra mortgage payment per year?
Making an extra mortgage payment each year could help you save on interest. Use this guide to figure out how much difference it will make for your finances.
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6-minute read
Understanding loan estimates, or 'good faith estimates'
A loan estimate, or a “good faith estimate,” is a standardized document detailing your loan’s terms. Here’s how to use one before get...
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11-minute read
Deed in lieu of foreclosure: What is it and is it right for you?
A deed in lieu of foreclosure is an option that could allow you to stay in your home and protect your credit. Here’s how it works.
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6-minute read
Preapproval vs. prequalification: What’s the difference?
Preapproval and prequalification are both important steps toward getting a mortgage, but what’s the difference? Learn when you need each and what to do ne...
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