A Complete Guide To Basis Points (BPS)

Mortgage Basics - 5-minute read

Victoria Araj - February 29, 2024

Basis points are units of measurement that assess percentages. Learn how this financial tool can determine your mortgage cost and its potential monthly changes.

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How To Avoid Foreclosure On Your Home

Mortgage Basics - 5-minute read

Victoria Araj - February 29, 2024

If you’re facing foreclosure due to financial hardship, you’ve got options to explore. Learn how to avoid it and get the tools to protect your financial future.

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What Is The Average Mortgage Payment?

Mortgage Basics - 4-minute read

Katie Ziraldo - February 29, 2024

Wondering what you can expect for your monthly mortgage payments? Learn about what the average mortgage payments are and what factors affect them.

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The ATR/QM Rule: What It Is And What Borrowers Should Know

Mortgage Basics - 6-minute read

Ashley Kilroy - February 29, 2024

The Consumer Financial Protection Bureau developed the ATR/QM Rule as a protective measure for mortgage borrowers. Learn about this rule and how it works.

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What Is Annual Percentage Rate (APR) And How Does It Work In Real Estate?

Mortgage Basics - 8-minute read

Dan Rafter - February 29, 2024

Annual percentage rate (APR) is the rate at which your loan will accrue interest over the loan term. Learn more about how APR works and why it’s important.

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Community Property With Right Of Survivorship, Explained

Mortgage Basics - 7-minute read

Sidney Richardson - February 29, 2024

Community property with right of survivorship is when marital or domestic partners share property. Learn how it can protect assets after the death of a partner.

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Amortization In Real Estate: A Complete Guide And Definition

Mortgage Basics - 3-minute read

Carla Ayers - February 28, 2024

Amortization schedules your mortgage payments and tracks what the money goes toward. Learn how amortization works in real estate for different loans

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Alimony And Your Mortgage: How To Qualify

Mortgage Basics - 5-minute read

Victoria Araj - February 28, 2024

Did you know that alimony can play a role in helping you get a mortgage? It can! We’ll show you how receiving or paying alimony can impact your mortgage loan.

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What Is NMLS?

Mortgage Basics - 3 minute read

Victoria Araj - February 28, 2024

Learn how mortgage and finance regulatory agencies use the Nationwide Mortgage Licensing System (NMLS) to maintain national licensing requirements.

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Earnest Money And VA Loans: What You Need To Know

Mortgage Basics - 6-minute read

Ashley Kilroy - February 27, 2024

How do earnest money deposits factor into the VA loan process? Learn everything you need to know about earnest money and VA loans.

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What Is The Prime Rate, How Does it Work And How Does It Affect You?

Mortgage Basics - 6-minute read

Scott Steinberg - February 27, 2024

The prime rate is an index that helps determine rates on loans, but how exactly does that work? Read our article to learn more on how prime rate affects you.

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Homeowners Insurance Deductible: What It Is And How To Choose

Mortgage Basics - 6-minute read

Lauren Nowacki - February 26, 2024

Not sure how to choose the right homeowners insurance deductible? Check out our guide to find out how to weigh short-term finances against long-term savings.

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The Real Estate Settlement Procedures Act (RESPA) Explained

Mortgage Basics - 7-minute read

Miranda Crace - February 26, 2024

RESPA improves real estate transparency by requiring cost disclosures and regulating service providers. Learn violations to watch for and protection tips here.

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Holding A Mortgage: Defined & Explained

Mortgage Basics - 5-minute read

Megan Polom - February 25, 2024

With a holding mortgage, a home seller acts as the lender to a buyer. Learn more about what a holding mortgage is and the pros and cons for buyers and sellers.

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How Much Does Title Insurance Cost? Estimates, Requirements And Savings Tips

Mortgage Basics - 5-minute read

Victoria Araj - February 25, 2024

How much does title insurance cost? It varies, but the cost is generally 0.5% – 1% of the home’s sale price. Learn more about the cost of title insurance.

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Private Mortgage: What You Should Know Before You Borrow

Mortgage Basics - 8-minute read

Lauren Nowacki - February 25, 2024

Considering applying for a private mortgage to finance your next home purchase? Weigh the pros and cons before borrowing outside of a traditional loan.

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What Is Flood Insurance And Do I Need It?

Mortgage Basics - 7-minute read

Victoria Araj - February 25, 2024

Flood insurance is an insurance policy that provides comprehensive coverage for losses caused by flooding. Find out if you need flood insurance.

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What Is Delayed Financing For Cash Deals?

Mortgage Basics - 5-minute read

Scott Steinberg - February 25, 2024

Purchasing a home with cash? It doesn’t mean you have to leave your cash in the house. Learn about delayed financing and find out if it's right for you.

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