mortgage terms

$373,463 – that’s the average mortgage loan size for homebuyers today! Securing such a substantial loan is a major financial decision. Especially now, with high interest rates at 7.11%, it’s...

Learn everything about physician loans, a specialized mortgage option for doctors, including how they work, qualifications, lenders, pros and...

Discover the benefits and considerations of a 5/1 ARM loan. Learn if this adjustable-rate mortgage is the right choice for your home financing...

Conforming loan limits set the maximum mortgage amount you can borrow from government-sponsored enterprises. In 2024, that’s a baseline amount of $766,550. But what if you want to borrow more? Look no...

A good credit score is a measure of how likely an individual is to repay the borrowed money or fulfill their financial...

43% of new homeowners struggle to make their mortgage payments. This underscores the importance of understanding debt-to-income ratio (DTI) before making a major financial commitment.  DTI measures your...

PMI or Private Mortgage Insurance is a necessary expense when you apply for a mortgage. Read further to know...

The percentage of income for a mortgage is the portion of a borrower's income that is allocated towards their monthly mortgage...

Loan-to-Valued(LTV) in real estate represents the ratio between the loan amount and the appraised value of the property being...

Paying off your mortgage early can result in significant interest savings over the life of the loan. However, there are some pitfalls that you should...