mortgage terms

Basis points is a versatile tool used in analyzing interest rates, comparing mortgages, measuring performance, and managing...

Mortgage Origination Fee is an upfront amount the lender charges to process the mortgage at the time of...

Know the reasons for providing an explanation letter for mortgage approval and know how to write one. Use our free...

MBS is a financial tool that allows investors to obtain asset ownership without having to buy or sell mortgages...

As a new homebuyer, you will need guidance at every step of the mortgage process. A mortgage loan originator (MLO) is one such guide that will give a smooth landing to your mortgage. An MLO is an individual,...

As per the 2023 mortgage protection insurance(MPI) rates, a 30-year insurance costs around $15 monthly. MPI ensures zero mortgage balance if the borrower dies, loses their job, or is critically ill. The...

To get rid of PMI, you typically need to reach an 80% loan-to-value (LTV) ratio. Once you reach the ratio, you can request PMI...

Find out what a mortgage buydown is, how much it costs, and why it may be beneficial for you. Learn how much you can save by buying down your...

An acceleration clause is a provision made for the lender to demand immediate and full repayment from the...

Tenancy in common allows co-owning property with shared rights and responsibilities. Discover its workings, pros, cons, and differences from joint...