A deed of reconveyance is a document that transfers the property title from the mortgage lender to the borrower. Learn more about how a reconveyance works here.

“Loan term” often refers to how much time it takes a borrower to pay off their mortgage when making regular payments. Learn more about loan term opt...

To qualify for some mortgages, your lender may need a letter of your intent to occupy the property. Learn what the letter should include and how to write it....

When you buy a home with a co-borrower, you typically share ownership of the loan and the home. Let’s explore the pros and cons of having a co-borrower...

Close of escrow is the point in the real estate transaction when all parties have fulfilled their responsibilities. Read on to learn how close of escrow work...

Being clear to close on a mortgage means you're almost done with the mortgage process. Learn how to become clear to close and what happens after.

Chain of title represents the complete and unbroken ownership of a property. Learn more about chain of title in real estate and why it’s important.

Defeasance clauses assure buyers that they’ll get the title once they meet all payment conditions. Learn more about the impact of defeasance on your mo...

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

What’s the difference between assessed value and market value? One is the home’s tax-assessed value; the other is what buyers are willing to pay....

Mortgage insurance protects lenders against default on home loans. Learn more about the different types of mortgage insurance, how much it costs and more.

Wondering whether itemizing your mortgage interest deduction will lower your tax payment? Find out everything you should know about mortgage interest deduction.

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

The monthly mortgage payments on a $400K loan vary based on factors such as term length and interest rate. Learn more about the payments on a $400K mortgage.

HUD is an acronym for the U.S. Department of Housing and Urban Development. Learn how HUD works, what it does and how it helps aspiring home buyers.

Mortgage servicing companies handle daily administrative tasks related to your loan. Learn all about what they do and how they differ from your lender.

Mortgage forbearance can be a lifeline for many homeowners struggling to make their mortgage payments. Find out whether mortgage forbearance is a good idea.

Are you thinking of taking out a $250K mortgage? Explore how interest rates, loan terms and other factors can influence your mortgage payment on a $250k loan.