A deed of trust is an agreement between home buyers and lenders at the closing of a property. Learn about trust deeds and how they differ from mortgages.

Proof of funds (POF) is a document that shows how much money a person or entity has available. Learn more about POF letters when getting a mortgage.

A deed of reconveyance is a document that transfers the property title from the mortgage lender to the borrower. Learn more about how a reconveyance works here.

“Loan term” often refers to how much time it takes a borrower to pay off their mortgage when making regular payments. Learn more about loan term opt...

To qualify for some mortgages, your lender may need a letter of your intent to occupy the property. Learn what the letter should include and how to write it....

When you buy a home with a co-borrower, you typically share ownership of the loan and the home. Let’s explore the pros and cons of having a co-borrower...

Being clear to close on a mortgage means you're almost done with the mortgage process. Learn how to become clear to close and what happens after.

Chain of title represents the complete and unbroken ownership of a property. Learn more about chain of title in real estate and why it’s important.

Defeasance clauses assure buyers that they’ll get the title once they meet all payment conditions. Learn more about the impact of defeasance on your mo...

Basis points are units of measurement that assess percentages. Learn how this financial tool can determine your mortgage cost and its potential monthly changes.

Mortgage insurance protects lenders against default on home loans. Learn more about the different types of mortgage insurance, how much it costs and more.

What’s the difference between assessed value and market value? One is the home’s tax-assessed value; the other is what buyers are willing to pay....

Amortization schedules your mortgage payments and tracks what the money goes toward. Learn how amortization works in real estate for different loans

HUD is an acronym for the U.S. Department of Housing and Urban Development. Learn how HUD works, what it does and how it helps aspiring home buyers.

A prepayment penalty is a fee some lenders charge when you pay all or part of your loan off early. Find out what triggers the fee and how to avoid it.

An easement in gross gives a person the right to use a parcel of land owned by someone else. Read more about easements in gross and how they work.

A promissory note is a repayment agreement between a borrower and lender, but how does it differ from a loan? Read on to see how promissory notes work.

A bad title can cause complications and turn your dream home into a nightmare. Use this guide to learn how title insurance can protect your property purchase...