A Guide To Conditional Approvals For Home Buyers

Mortgage Basics - 4-minute read

Hanna Kielar - March 08, 2024

A conditional approval means your lender will approve your mortgage once you meet certain conditions. Get our advice on how to prepare your loan application.

Read More

What Is Condemnation In Real Estate And What Do Homeowners Need To Know?

Mortgage Basics - 4-minute read

Sarah Sharkey - March 08, 2024

Condemnation in real estate occurs when the government uses its eminent domain authority to take property. Learn what condemnation can mean for homeowners.

Read More

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

Mortgage Basics - 4-minute read

Kevin Graham - March 08, 2024

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

How A Fed Rate Drop Affects Home Buyers And Sellers

Mortgage Basics - 6-minute read

Kevin Graham - March 07, 2024

What’s the impact on home buyers and sellers when the federal funds rate drops? Learn how a Fed rate drop impacts interest rates and home loans.

Read More

Clear To Close: What To Expect And What Happens Next

Mortgage Basics - 6-minute read

Victoria Araj - March 07, 2024

Your lender tells you you’re clear to close – what comes next? Let’s take a closer look at what this means and what happens next in the mortgage process.

Read More

What Is Chain Of Title And Why Is It Important?

Mortgage Basics - 4-minute read

Victoria Araj - March 07, 2024

Chain of title represents the complete and unbroken ownership of a property. Learn more about chains of title in real estate and why they’re important here.

Read More

Can You Get A Mortgage Without A Job?

Mortgage Basics - 4-minute read

Scott Steinberg - March 06, 2024

Lenders want to see proof of employment before they’ll approve a mortgage, but can you get a mortgage without a job? Learn about some special circumstances.

Read More

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

Mortgage Basics - 5-minute read

Scott Steinberg - March 06, 2024

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

Common Mortgage Scams In 2023 And How To Avoid Them

Mortgage Basics - 8-minute read

Victoria Araj - March 06, 2024

Mortgage scams impact every aspect of the home buying process. Read our article that goes over common mortgage scams and how you can avoid or spot them.

Read More

Mortgage Loan Limits Are On The Rise

Mortgage Basics - 4-minute read

Kevin Graham - March 06, 2024

Rocket Mortgage has updated conventional loan limits. Mortgage limits have gone up for most. Read on for details as well as FHA and VA loan limits.

Read More

Your Guide To Understanding The MERS And Its Relationship To Your Mortgage

Mortgage Basics - 5-minute read

Dan Rafter - March 06, 2024

The Mortgage Electronic Registration System (MERS) is an online registry that tracks a mortgage loan’s servicing rights and ownership interests. Learn more about MERS.

Read More

Defeasance Clause: Definition And Overview

Mortgage Basics - 4-minute read

Lauren Bowling - March 06, 2024

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 mortgage.

Read More

5 Alternatives To A Reverse Mortgage

Mortgage Basics - 8-minute read

Lauren Nowacki - March 04, 2024

Before taking out a reverse mortgage, consider the other options available for senior homeowners. Check out our guide to alternatives to a reverse mortgage.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More