The Federal Reserve raised the target for the federal funds rate by 0.25%. Get the details on this and where members see interest rates headed in the future....

Are you financing your new home with an FHA loan? The FHA amendatory clause is one step to the process. Learn how the clause impacts you as a home buyer.

Lender credits let you roll your closing costs into your loan for a higher interest rate. Learn about lender credits and if they could be helpful to you.

Fair market value (FMV) in real estate is an assessment of a property's worth in an open market. Learn how FMV is calculated and what it's used for.

It’s been a wild month in the financial sector. Find out how the Federal Reserve reacted in their latest meeting on interest rates.

Fee simple refers to a landowner’s absolute ownership of real property. Read our article to learn about how fee simple determines real estate or land o...

Lenders use total debt service to measure your ability to repay a mortgage. Learn what a debt service coverage ratio (DSCR) is and how to calculate it yourself.

A personal loan is an unsecured loan, while a home equity loan is backed by your home equity. See the main differences between these two loan types.

A buyer’s agent represents you and your best interests in the home buying process. Learn more about the role of a buyer’s agent and if you should...

The power of sale allows a lender to sell a home – without judicial review – if a borrower defaults on a mortgage. Learn more about how the power...

An escalation clause states a buyer is willing to raise their offer if a seller receives a higher offer. Read our guide on escalation clauses.

Active under contract means an offer has been accepted but certain conditions must be met. Learn how a status of “active under contract” works in...

The Federal Reserve didn’t say a whole lot new in March, but it did release projections. Here are the details for us obsessive market watchers.

A PUD, or planned unit development, is a small community of single-family homes. Read on to learn about living in a PUD and how it differs from other housing...

Home appraisals can take anywhere from a few days to a week depending on timing, scheduling and a home's complexity. Learn how long an appraisal takes and wh...

Planning to buy a house? One of the first steps in the process is securing a home loan. Learn how to shop for a mortgage and find the best rate here.

Rocket Mortgage’s 2024 home feature preferences study unveils buyer preferences for interior, exterior, technology and community features of a home.

Did you know your mortgage interest and insurance payments may be tax deductible? Read on to better understand what’s in your 1098 mortgage interest st...