mortgage terms

What is NMLS, What is Its Purpose, and How Does It Work?

NMLS is the licensing platform where every individual and corporate entities associated with mortgage industry to be registered...

5 min read Aug 09, 2024
What is NMLS

Mortgagor: Who They Are and What Are Their Responsibilities

A mortgagor is a borrower who borrows money to purchase a property and agrees to repays over a specific...

6 min read Aug 09, 2024
Mortgagor

What Is Mortgage Curtailment and What Are Its Benefits?

Mortgage Curtailment is the additional payment made against your existing mortgage. Thus, reducing the outstanding mortgage...

5 min read Aug 09, 2024
What is mortgage curtailment

40-Year Mortgage: Pros, Cons, And Alternatives

A 40-year mortgage is a long-term mortgage that allows borrowers to make payments over a period of 40...

7 min read Jul 26, 2024
40- Year mortgage

What Is a Hard Money Loan? What Are Its Benefits?

Hard money loans provide fast financing for real estate investors based on property value. Explore the pros, cons, and qualifying...

8 min read May 31, 2024
Hard Money Lenders

What Is Digital Real Estate? How to Get Started in 2024

Digital real estate is like regular property investment, but it is all online. You buy virtual assets to make money. Let's explore if it is worth investing...

7 min read May 31, 2024
Digital Real Estate

Understanding Warranty Deeds: Your Key to Property Ownership

A warranty deed is essential to safeguarding your real estate investment. Learn about the main kinds, what's covered, what to avoid, and how warranty deeds...

6 min read May 23, 2024
Warranty Deed

What Is an Addendum in Real Estate?

✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in...

3 min read Mar 22, 2024
Addendum in Real Estate
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