Mortgage terminology
Get clarity on the unique language of mortgage loans
Featured articles:
Fixed- vs. adjustable-rate mortgage: What’s the difference?
While shopping for home loans, you’ll need to decide between a fixed-rate or adjustable-rate mortgage. Learn how they differ, and which is better for you.
Debt-to-income ratio (DTI): What is it and how is it calculated?
Your debt-to-income ratio (DTI) measures your total income against any debt you have. Learn what a good DTI is, how to calculate it and how to lower it.
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4-minute read
What a forbearance agreement means for you
A forbearance agreement allows borrowers to temporarily suspend mortgage payments during unexpected financial hardship. Learn if it’s the right option for...
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6-minute read
What is a floating interest rate?
A floating interest rate fluctuates over your loan’s term, changing your mortgage payment amount. Read on to learn about floating rates and how they wo...
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5-minute read
What is a warranty deed?
When you buy a home, you want to be sure that no one but you and your lender hold claim to the property. Find out how a warranty deed protects you.
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9-minute read
What does it mean to lease a house?
Renting a house is different from renting an apartment. If you aren’t ready to buy, here’s what you should know before leasing a house.
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8-minute read
Mortgage insurance: Your quick guide to different types and cost
Mortgage insurance protects lenders against default on home loans. Learn about the different types of mortgage insurance, typical costs, and ways to avoid this ...
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5-minute read
Regulation Z, or the Truth in Lending Act (TILA): Explained
Regulation Z, or the Truth in Lending Act, requires lenders to disclose key loan details like terms, interest rates, and annual percentage rates (APRs).
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