Mortgage basics

Featured resources

A couple looking at an iPad in a kitchen.

5-minute read

How to lower your mortgage payment

Lowering your mortgage payments can offer you financial flexibility for other things. Learn all the ways you can lower your monthly mortgage payment.

A man and woman possibly discussing switching lenders or financial arrangements related to a property.

6-minute read

How (and when) to change your mortgage lender

Has your mortgage been sold, or are you seeking a better offer than what your initial lender provided? Learn about how and when you can change lenders.

An African American woman with glasses using a computer, possibly working in the real estate or mortgage industry.

6-minute read

How to increase your mortgage preapproval amount

Trying to get approved to buy a house but need a higher loan amount? Explore our guide to learn what might help increase your mortgage preapproval amount.

A grey house with curb appeal, representing a house with aesthetic appeal from the curb.

6-minute read

Can you get a mortgage as a nonpermanent resident?

Are you a non-citizen U.S. immigrant looking to buy a home? Here’s what you need to know about the process of getting a mortgage as a nonpermanent resident.

11-minute read

How to buy a house with no money down

If you’re struggling to come up with a down payment, you may still be able to qualify for a home loan. See your options for buying a house with no money down.

Young couple inside their home with their baby.

9-minute read

Qualifying for a mortgage: The basics

Many factors can determine whether you qualify for a mortgage. Learn what factors affect your mortgage qualification and how you can improve your chances.

Showcasing a small house with an eye-catching Tiffany blue door.

8-minute read

What Is Fannie Mae (FNMA)? A guide for home buyers

The Federal National Mortgage Association (FNMA), or Fannie Mae, purchases and backs mortgage loans for borrowers. Learn more about how Fannie Mae works.

Couple sitting on a couch, having a conversation or relaxing together while looking at something on the tablet.

7-minute read

Should you pay off your mortgage early?

Paying off your mortgage early reduces the amount that you’ll pay over time, but is it a good idea? Figure out if paying your mortgage early is worth it or not.

A couple signing papers, potentially associated with finalizing a real estate deal or mortgage agreement.

8-minute read

Joint mortgage: A complete guide for borrowers

A joint mortgage is a home loan that multiple borrowers are responsible for paying. Learn more about joint mortgages, including their pros and their cons.

A woman in a sweater looking at a laptop, possibly working or engaging in online activities.

4-minute read

Variable interest rate: Should you get one?

Unlike a fixed interest rate, a variable interest rate changes over time based on a predetermined index. Learn how these rates work and why you might want one.

A couple with an agent in a home, likely discussing real estate matters.

7-minute read

Capital gains tax on real estate and home sales: A guide

Are you required to pay the capital gains tax on your real estate property? Review our guide to learn what the capital gains tax is, when to pay it and more.

A suburban home with green and well cared garden.

5-minute read

The mortgage constant explained

The mortgage constant is the amount paid in debt service each year divided by the amount of a loan, expressed as a percent. Learn more about mortgage constants.

A brick home in Texas, depicting a traditional residential property in a specific location.

11-minute read

How rising fed interest rates can affect home buyers and sellers

The Fed rate hikes have raised mortgage interest rates in 2022. See how higher Fed interest rates affect home buyers and sellers and what borrowers can do next.

Woman sitting at kitchen table working on laptop.

6-minute read

How to calculate per diem interest

Borrowers can calculate per diem interest using a simple formula. Learn more about what per diem interest is and how it can be calculated on a mortgage loan.

Man writing finances in a notebook, indicating budgeting or financial planning.

6-minute read

How to calculate your monthly mortgage payment: A guide

Are you wondering how much your estimated monthly payment would be on a mortgage? Check out our guide and learn how to calculate your mortgage payment.

A family playing together in the lounge at home, showing family bonding and leisure time.

4-minute read

Home Mortgage Disclosure Act: Defined and explained

The Home Mortgage Disclosure Act (HMDA) mandates public reporting around mortgage lending activities. Learn more about the HMDA and how it works.

A mother and her baby resting together on a cozy couch.

6-minute read

What is a homeowners insurance binder and when do you need one?

A homeowners insurance binder is temporary proof of coverage until an official policy is issued. Learn what an insurance binder includes and how to get one.

An elderly couple sitting and reading together having a good time.

8-minute read

Mortgage protection insurance explained: Does every homeowner need it?

Mortgage protection insurance is an insurance policy that helps the family of the policyholder make mortgage payments after they die. Read on to learn more.

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