mortgage terms

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

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

When it comes to real estate, there are two important roles you need to know: the grantor and the grantee. These roles play a big part in buying, selling, or transferring property. In this blog, we’ll...

Conditionally approved means that the mortgage approval is almost done but would require additional documents to grant the...

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

You'll go over a lot of documents related to your home loan and the purchase of your new home. The mortgage commitment letter is one of these necessary...

The homeownership rate in the second quarter of 2023 in the US was around 66%. That’s about 230 million Americans.  If you are also looking to buy a house, you must understand which type of...

With the use of historical mortgage rates, prospective homeowners can make informed decisions by monitoring the interest...

A mortgage is a bank loan that serves as a starting point for your ideal house. To purchase a home, you take out a loan, which you then pay back with...

Mortgage insurance is a policy that can save your property from foreclosure. Annual rates for PMI and MIP are around 0.3% to 1.5% and 0.45% to...