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- Home Equity 101: A Guide to Home Equity and How to Leverage It
- Decoding Mortgage Loan Types: A Comprehensive Guide
- What Is A Reverse Mortgage
- What Is A Mortgage Rate Buydown and Can I Benefit?
- Cash-Out Refinance: Using Home Equity to Pay Off Debt
- Should I Get Pre-Approved Before Buying A House?
- Your Adjustable-Rate Mortgage: Is it Time to Refinance to a Fixed Rate?
- How to Get a Mortgage Pre-Approval for Buying a New Home
- Cash-Out Mortgage Refinance: What It Is and How It Works
- Cash-Out Refinance vs Home Equity Loans vs HELOCs – What’s the difference?
- 7 Essential Tips For Buying Your Next Home
- All About Your Credit
- Tips on Buying a New Home from Real Estate Pros
- 10 Things to Know Before Refinancing Your Mortgage
- How Do I Get My Home Ready to Sell? 7 Easy Steps
- What Are the Costs of Homeownership?
- What is PMI (Private Mortgage Insurance) and Why Am I Paying It?
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Mortgage Glossary
Federal Housing Administration (FHA)
U.S. agency that sets standards for underwriting mortgages and insures residential mortgage loans from private lenders. A division of the Department of Housing and Urban Development (HUD).
Federal Housing Administration (FHA) Mortgage
An FHA-insured and guaranteed mortgage loan designed to make purchasing a home more affordable, especially for the first-time homebuyer. FHA loans feature lower down payments and higher qualifying ratios than most conventional mortgages. There are some limits to the amount of money that can be borrowed.
Fixed Interest Rate
An interest rate that does not change for the entire term of the loan.
Fixed Rate Mortgage
A mortgage in which the interest rate does not change during the entire term of the loan. The monthly payments on the principal and the interest are fixed for the life of the loan.
Float Rate
See Rate Float.
Dreaming about owning your own home?
Having a financial plan before you look can help you better prepare for home buying costs.
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Wondering if you should refinance?
Here is a list of ten things you should know before refinancing.
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