Search results
Results from the WOW.Com Content Network
If you’re contemplating homeownership and wondering how to get started, you’ve come to the right place. We’re covering all the mortgage basics, including loan types, mortgage lingo, the home buying process and more.
A mortgage is a loan used to purchase or maintain a home, plot of land, or other real estate. The borrower agrees to pay the lender over time, typically in a series...
We’ll get you ready to go mortgage shopping by going over the five steps it takes to complete the mortgage process, what lenders look for during the application process and the paperwork required. There are five main steps to be aware of when trying to get a mortgage loan to purchase a home.
Knowing the basics allows you to start browsing homes and refinance options at any time. Learn about general mortgage topics and terms.
Mortgage basics: An introduction to loan types. There are a surprising variety of mortgage choices available. So how do you figure out which mortgage is right for you?
A mortgage is a type of loan used to purchase a home. When you get a mortgage, you agree that the lender can foreclose on your property if you fail to repay the loan.
Mortgages are popular because few home buyers have hundreds of thousands of dollars in their bank account. The majority of mortgages pay off over 30 years. Before we go deep into your mortgage education, let’s review a few key mortgage terms: Borrower: the person receiving the mortgage loan — you!