A deed of trust is an agreement between home buyers and lenders at the closing of a property. Learn about trust deeds and how they differ from mortgages.

Explore the difference between appraisal amount and loan amount and how the home appraisal amount affects selling price or the mortgage loan amount.

Proof of funds (POF) is a document that shows how much money a person or entity has available. Learn more about POF letters when getting a mortgage.

Your first mortgage payment is always due to your lender within 60 days of your closing date. Get more details about your first mortgage payment after closin...

Mortgage loan originators (MLOs) guide borrowers through the home loan process, from application to closing. Learn what an originator can do for you.

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...

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...

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....

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

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.

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.

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.

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.

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

How does selling mortgages work? Find out why lenders sell mortgages to investors, how the process works and how it affects you.