Mortgage terminology

Get clarity on the unique language of mortgage loans

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Featured resources

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8-minute read

What is PMI? Private mortgage insurance defined and explained

Private mortgage insurance can be a tricky subject, so we broke down what PMI is, how much it costs, and how to tell whether it's the right option for you.

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4-minute read

What is the loan-to-value ratio and how is it calculated?

Your loan-to-value ratio measures your loan amount against the value of the home you’re buying. Figure out how your LTV ratio is calculated.

12-minute read

What is a mortgage? Loan basics for beginners

Mortgages help people buy homes, allowing millions to achieve a coveted milestone. Explore what a mortgage loan is, how it works and how to get one.

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28-minute read

Mortgage terms: Defined and explained

There are many unfamiliar terms to learn when you’re buying a home and need to apply for a mortgage. Here’s a list of common mortgage terms and what they mean.

Calculating mortgage payments, representing financial planning or budgeting.

7-minute read

What is an acceleration clause in real estate?

An acceleration clause in a mortgage means that your mortgage balance becomes due if you default on payments. Learn how a mortgage acceleration clause works.

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10-minute read

Closing Disclosure: What it is and how to read the form

Your Closing Disclosure is an important mortgage document, but it can be difficult to interpret. We broke down the essential components in this complete guide.