What are qualifying ratios and how do mortgage lenders use them?

Understand mortgage interest rates and how it affects your loan. Learn the difference between simple and compound interest, APR, and negative amortization. Read more

Is escrow required for a mortgage? Understand when escrow accounts are optional, how they work, & why choosing one could help you secure a better mortgage rate. Read more

A first mortgage lien, also known as a primary lien, is the primary legal claim your lender has on your home. Learn how it works & what happens if you default. Read more