How To Get Out Of A Mortgage: When To Walk Away, How To Remove Your Name And How To Get Out Legally

Mortgage Basics - 6-minute read

Scott Steinberg - November 11, 2023

Knowing how to get out of a mortgage the right way can save you from financial ruin. Read our tips for digging yourself out of your mortgage mess.

Read More

How Long Does A Mortgage Preapproval Last?

Mortgage Basics - 5-minute read

Miranda Crace - November 11, 2023

A mortgage preapproval is a useful part of the home buying process, but how long does it last? Read on to find out how long a preapproval letter is good for.

Read More

Grantor Vs. Grantee: What’s The Difference?

Mortgage Basics - 4-minute read

Ashley Kilroy - November 11, 2023

The transfer of ownership from a grantor to a grantee is an important part of many real estate transactions. Learn more in this guide to grantors vs. grantees.

Read More

FHA Appraisal And Inspection: Guidelines And What Happens After

Mortgage Basics - 9-minute read

Kevin Graham - November 11, 2023

An FHA loan requires an appraisal to ensure a home meets proper standards. Learn how an FHA appraisal works, how to prepare and what to expect afterwards.

Read More

Wraparound Mortgages Explained: Everything You Need To Know

Mortgage Basics - 5-minute read

Lauren Nowacki - November 08, 2023

Wraparound mortgages offer the convenience of seller-backed financing, but they aren’t without risk. Learn more about this mortgage loan type here.

Read More

What Is A 20-Year Mortgage, And Should You Consider One?

Mortgage Basics - 8-minute read

Sarah Sharkey - November 07, 2023

A 20-year mortgage is a home loan with monthly payments to a lender over a 20-year term. Learn more about 20-year home loans, including their pros and cons.

Read More

How To Get A Mortgage With A Seasonal Income

Mortgage Basics - 6-Minute Read

Miranda Crace - November 07, 2023

Getting a mortgage when you have seasonal income can be a bit difficult. Read our latest guide on how to qualify for a mortgage when you have seasonal income.

Read More

Holding A Mortgage: Defined & Explained

Mortgage Basics - 5-minute read

Megan Polom - November 07, 2023

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.

Read More

Federal Reserve Press Release In Plain English – November 2023

Mortgage Basics - 3-minute read

Kevin Graham - November 02, 2023

The Federal Reserve left the target range for the federal funds rate unchanged to begin November. Keep reading for our full analysis.

Read More

Home Equity Line Of Credit (HELOC): Defined And Explained

Mortgage Basics - 8-minute read

Victoria Araj - November 01, 2023

A home equity line of credit (HELOC) can help you leverage the equity in your home. Learn how they work, their requirements and how to estimate your HELOC.

Read More

Pay Off Mortgage Or Invest: How To Make The Right Choice

Mortgage Basics - 7-minute read

Sidney Richardson - October 31, 2023

Deciding whether to pay off a mortgage or invest can be tricky. Get familiar with all of the potential financial risks and rewards before making this decision.

Read More

What Is A Co-Borrower? A Beginner’s Guide

Mortgage Basics - 4-minute read

Kevin Graham - October 30, 2023

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.

Read More

Seller Financing: How It Works, Pros And Cons And If It’s A Good Idea

Mortgage Basics - 5-minute read

Scott Steinberg - October 30, 2023

Seller financing is a type of real estate agreement that allows the buyer to pay the seller in installments. Learn more about seller financing and how it works.

Read More

Fannie Mae Vs Freddie Mac: What’s The Difference?

Mortgage Basics - 5-minute read

Victoria Araj - October 27, 2023

If you’re wondering what the difference is between Fannie Mae and Freddie Mac, you’re not alone. We broke down the similarities and differences for you here.

Read More

Pros And Cons Of Mortgage Forbearance

Mortgage Basics - 5-minute read

Victoria Araj - October 27, 2023

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

Read More

What Is Loss Mitigation?

Mortgage Basics - 8-minute read

Kevin Graham - October 27, 2023

Loss mitigation is the process in which borrowers and lenders work to create a plan to avoid foreclosure. Learn more about loss mitigation options here.

Read More

Does Mortgage Forbearance Affect Refinancing? What Homeowners Need To Know

Mortgage Basics - 6-minute read

Kevin Graham - October 27, 2023

Mortgage forbearance can be a crucial lifeline for homeowners in need of assistance with their loan. But how does mortgage forbearance affect refinancing?

Read More

Forbearance Agreement: What It Means For Your Mortgage

Mortgage Basics - 5-minute read

Kevin Graham - October 27, 2023

A forbearance agreement allows borrowers to temporarily suspend their mortgage payments during unexpected financial hardship. Read about forbearance agreements.

Read More