Tag: Mortgages
What is manual underwriting? |Bankrate
Thomas Berwick/Getty Images What is manual underwriting? Manual underwriting is when a human, not technology, reviews a mortgage application. This…
What is an adjustable mortgage (ARM) on 10/1?
IP Galanternik Du/Getty Images 10/1 What is an arm? An 10/1 adjustable mortgage (ARM) is a type of 30-year mortgage.…
Mortgage Note: What is it and how does it work?
What is a mortgage note? A mortgage note is one of many closure documents with borrowers signs when closing a…
What is the right to redemption?
David Pinophotography/Shutterstock If you recently lost your job or experienced a major financial loss, you may be worried about falling…
What is the HomeBuyer Education course?
PeopleImages/Getty Images You may be ready to stop paying rent, but are you ready to buy a house? Between understanding…
How often should you compare mortgage rates?
Unlike some other financial products, mortgage fees fluctuate regularly. Monitoring this movement will help you determine the right time to…