This home buyer guide to FHA vs USDA mortgages compares two popular low-down-payment mortgage loans…
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Loan-to-value (LTV) is the measure of a home's mortgage balance to its market value, expressed as a…
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A warrantable condominium is a condo unit or building that meets specific financing and operations standards required for a government-backed…
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A non-warrantable condominium is a condo unit or building that fails to meet the minimum financing standards of government-backed mortgage groups.…
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Flood insurance is a specific type of homeowners insurance that covers losses and damage due to overflowing bodies of…
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A contingency clause is an addition to a real estate contract to let parties back out without penaltyunder certain…
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Listing price refers to the amount of money a seller sets as the asking price for their property when it is put up for…
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PITI is an acronym in mortgage lending that stands for Principal, Interest, Taxes, and Insurance, the four components of a monthly mortgage…
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Personal liability insurance is a component of homeowners insurance that provides coverage for legal responsibility for bodily injury or property…
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The Federal Reserve is the U.S. government's central bank. The Federal Reserve was established by charter in the Federal Reserve Act of…
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The USDA Eligibility Map is a free tool that shows which U.S. homes may qualify for a USDA…
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The FHFA Mortgage Rate Discount waives loan-level pricing adjustments (LLPAs) on conventional mortgages made to first-time…
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Today's mortgage rate for a conventional 30-year fixed-rate mortgage is [substitext name="conv-30-year-fixed-rate-current"]. But let's say you want…
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Good Neighbor Next Door is a government-supported housing program that sells homes at a 50%…
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Nurses tend to have strong incomes and stable employment, which helps meet the mortgage industry’s 2-year work history requirement, especially…
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When buying a home, home buyers have three main options for where to get a mortgage: Choosing the right lender can save you time, money, and help you…
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401(k) loans are a relic from an era when low-down payment mortgages didn't exist. It's usually idea to avoid…
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In July 2022, the credit bureaus made a decision to remove medical debt from changing credit scores. In a joint statement, credit-scoring competitors…
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