Mortgage terminology
Get clarity on the unique language of mortgage loans
Mortgage glossary: Key terms, loan types, and closing costs
Mortgage glossary for you: Common loan types and home loan terminology abound. Devour it all to learn the basics or jump to just what you need.
What is private mortgage insurance? PMI defined and explained
Learn what private mortgage insurance is, when PMI is required, how much it costs, and how to cancel it. Compare options before you apply.
Debt-to-income ratio: What it is and how to calculate it
Learn what debt-to-income ratio means, how to calculate DTI and what lenders may look for before you apply for a mortgage. Start planning your next step.
Featured resources
10-minute read
Appraisal waiver: What it is, risks, and how to get one
Appraisals are often mandatory during a real estate transaction. However, sometimes an appraisal waiver makes sense, can save you money, and expedite your sale.
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7-minute read
What are transfer taxes on a mortgage?
Learn what transfer taxes on a mortgage are, who pays them, how they differ from recording taxes, and how to estimate costs before closing. Start here.
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10-minute read
What is foreclosure? Definition, process, and ways to avoid it
What is foreclosure? Learn how the process works, how it affects your credit, and what options may help you avoid losing your home. Start here.
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9-minute read
What is a conventional loan?
What is a conventional loan? Learn how it works, key requirements, PMI rules, and how it compares with FHA, VA, and USDA loans before applying today.
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11-minute read
Blanket mortgage: How it works and when to use one
Learn how a blanket mortgage works, who qualifies, what it costs, and how it compares with other ways to finance multiple properties. Explore your options today...
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11-minute read
What is Fannie Mae (FNMA)? Loans and requirements, explained
Learn what Fannie Mae (FNMA) does, how its loans work, key requirements and programs, and how to compare mortgage options before you apply. Start here.
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