Mortgage terminology
Get clarity on the unique language of mortgage loans
ARM vs. fixed-rate mortgage: What’s the difference?
ARMs (adjustable-rate mortgages) and fixed-rate mortgages have distinct pros and cons depending on your goals. Learn the key differences and how to decide.
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.
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9-minute read
Manual underwriting: How it works for mortgages
Manual underwriting allows lenders to consider borrowers with thin credit, a high DTI, or unique finances. Learn how it works and what documents to prepare.
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9-minute read
Mortgage protection insurance: What it is and how it works
Mortgage protection insurance can help pay your home loan after death or certain other hardships. Learn costs, pros, cons and alternatives before you buy.
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8-minute read
House deed: What it is, types, and how to get a copy
Learn what a house deed is, how it’s different from a title, common deed types, how to record a deed, and how to get a copy. Review key steps before closi...
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7-minute read
What is chain of title in real estate?
Learn what chain of title in real estate means, why it matters, which documents it includes, and how title issues get fixed. Read before you close.
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8-minute read
Warranty deed: What it is, and how it protects home buyers
Learn what a warranty deed is, how it protects home buyers from title claims and liens, and how to get one before closing. Start your next step.
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7-minute read
Should I buy mortgage points? Learn about costs, savings, and the break-even point
Buying mortgage points can reduce your interest rate, but is it worth the up-front cost? Learn how points work, the break-even point, and compare your option...
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