Tag: Mortgages
Fixed-Rate Mortgage vs Arm: What’s the difference?
Fixed interest rate vs. Adjustable mortgage (arm) Fixed-rate mortgages are a go-to for most borrowers, despite charging low interest rates…
What is mortgage closure disclosure?
What is the closing disclosure? Closing disclosure is a five-page statement containing final details of the mortgage and closing costs.…
What is a down payment?
Wasantita/Getty Images: Illustrations by Issia Davis/Bankrate What is a down payment for a house? A down payment on a home…
Which credit score does a mortgage lender use? |
Momo Productions/Getty Images; Illustrations by Austin Colage/Bankrate Which credit score does a mortgage lender use? Fannie Mae and Freddie Mac…
Every other weekly mortgage payment: What you need to know
Photo by Getty Images. Illustrations by bankrate What is a biweekly mortgage payment? Every other weekly mortgage payments include making…
What to do if you inherit a home with a mortgage
If you inherit a home with a mortgage, you will also inherit that mortgage. For example, you could have options,…