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Mortgages
Let us help you navigate all your homebuying options. From preapproval to refinancing, learn from real mortgage experts how to find a lender and get the best rate.
Mortgages Basics
Follow these 7 steps to financing a home
Personal and external factors affect your rate
Most loans require a 580 to 620 FICO score
Learn the 4 steps to get preapproved
20% down is an outdated metric
Learn the 8 steps to refinance a mortgage
Best of Mortgage
Use our guides to compare top mortgage companies on loan products, interest rates and recent reviews.
Latest Resources
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Buyers market vs. Sellers market
7/1/2022Supply and demand, local trends and other economic indicators determine whether you’re in a buyer’s or a seller’s market. Here's what to look for.
ConsumerAffairs Research Team
What is nonrecourse debt?
6/24/2022Nonrecourse debt is backed by collateral. If you default the lender can seize the collateral but can't go after other assets. Here's how it works.
Emily Moore
What is loan-to-value ratio?
6/22/2022When you apply for a loan, the lender weighs its risk by dividing the amount of the loan by the value of the asset. What’s this mean for a mortgage?
Sarah Goldy-Brown
Best VA Loan Lenders
6/15/2022Interested in applying for a VA loan? Read our buyers guide, compare ratings and use consumer reviews to find the best VA loan lenders.
Jessica Render
VA loan credit score requirements in 2022
6/14/2022The VA doesn’t set a minimum credit score — but your mortgage lender might. Understand how your credit score affects your VA loan options.
Emily Moore
VA Loan Limits for 2022
6/14/2022Starting in 2020, the VA loan limit has been eliminated for most qualifying veterans. Read on for exceptions and to find out if you qualify.
Trina Thomas
Best Reverse Mortgage Lenders
6/7/2022Looking for the best reverse mortgage companies? Our top picks include FAR, AAG and Liberty Reverse, based on verified customer review data.
Kathryn Parkman
What is eminent domain?
6/6/2022Eminent domain is the power of a city, state or federal government to take ownership of your property for public use. Read about how it works.
Emily Moore
What is Ginnie Mae?
6/3/2022Ginnie Mae is a government-owned company that makes it easier for lenders to give affordable home loans to underserved communities.
Jennifer Schurman
What is mortgage underwriting?
6/3/2022Mortgage underwriting is the process of reviewing a potential homebuyer’s finances. Read our guide to understand the process and timeline.
Jennifer Schurman
Warranty deed vs. quitclaim deed
6/3/2022Warranty deeds and quitclaim deeds are both deeds used to transfer ownership of property, but a warranty deed comes with certain legal guarantees.
Jennifer Schurman
What is mortgage recasting?
6/2/2022If you want to lower your monthly mortgage payment and save money on interest, a mortgage recast, or reamortization, may be right for you.
Jennifer Schurman
What is a bridge loan?
6/1/2022A bridge loan is a short-term loan that’s often used for real estate. Read more if you’re interested in this type of gap financing.
Sandy Baker
What is home equity?
5/27/2022If you know anything about mortgages, you’ve probably heard a lot of talk about building equity. Read more about what this means and its importance.
Jennifer Schurman
How much house can I afford?
5/26/2022In the market to purchase a home? Find out how much house you can afford using our mortgage calculator and comprehensive guide to mortgage payments.
Kathryn Parkman
What is a mortgage loan modification?
5/20/2022A mortgage loan modification is a change to the original terms of your home loan. Read about how it works, how to get one and more.
Jennifer Schurman
What is an FHA streamline refinance?
5/20/2022An FHA streamline loan is a simplified way to refinance. Learn more about the guidelines, pros and cons and more to see if it's right for you.
Jennifer Schurman
What does clear to close mean?
5/20/2022“Clear to close” means you have the lender’s approval to schedule a closing date. Learn more about how to get cleared to close and what happens after.
Jennifer Schurman
What does a mortgage loan originator do?
5/20/2022A mortgage loan originator is the entity that distributes your initial home loan funds. Learn more about an MLO’s function and fees.
Jennifer Schurman
Best Mortgage Lenders
5/13/2022Looking for the best mortgage lender? Our top picks include New American Funding, Cardinal Financial, AmeriSave and Rocket. Compare rates and reviews.
Kathryn Parkman
What is a defeasance clause?
5/13/2022A defeasance clause states that a borrower becomes the owner of the property once they’ve finished paying off a mortgage. What does it mean for you?
Jennifer Schurman
Is buying a house a good investment?
5/10/2022More than 1,100 Americans reflect on the various aspects of owning a home vs. renting. Read more to see what people think about the value of both.
ConsumerAffairs Research Team
What are seller concessions?
5/6/2022Seller concessions in a mortgage are incentives the seller uses to entice the buyer, like paying a portion of closing costs. Learn how they work.
Jennifer Schurman
Should you make biweekly mortgage payments?
5/6/2022Paying biweekly on your mortgage early on can shorten the repayment term on your home loan. Learn how this works and the pros and cons.
Jennifer Schurman
What is an assumable mortgage?
5/4/2022An assumable mortgage is one you can take over from the original borrower, keeping the rates and terms. Learn how it works, types and considerations.
Jennifer Schurman
What are mortgage-backed securities?
5/2/2022Mortgage-backed securities are investment bonds backed by home loans. Learn more about how they work, the types and considerations.
Jennifer Schurman
What is a guaranteed loan?
4/29/2022A guaranteed loan is a mortgage option for borrowers with poor or no credit history. Learn how they work, the types and considerations.
Taylor Sansano
What is a down payment on a home?
4/29/2022A down payment is a cash payment you make upfront on a home in order to secure it and reduce your principal. Learn how it works and the pros and cons.
Jennifer Schurman
What is an HFA loan?
4/29/2022An HFA loan is designed for buyers with low to moderate incomes. Learn about how it works, the eligibility requirements and considerations.
Jennifer Schurman
Cash-out refinance vs. home equity loan
4/29/2022Cash out-refinance and home equity loans have some similarities, but there are several key differences, including how they work and requirements.
Bradley Schnitzer
How much to offer on a house
4/29/2022Wondering if you should put in an offer over the list price? It may be necessary in a seller’s market, where the supply of available houses is low.
Jennifer Schurman
Does refinancing hurt your credit?
4/29/2022Wondering if refinancing affects your credit? It can reduce your score temporarily, but you should be OK as long as you pay on time.
Jennifer Schurman
Mortgage vs. deed of trust
4/29/2022The number of parties involved is one of the main differences between a mortgage and a deed of trust. Find out the other key differences.
Bradley Schnitzer
First-time homebuyer benefits
4/29/2022Being a first-time homebuyer can provide you with a multitude of benefits, from loans and grants to down payment assistance programs and more.
Jennifer Schurman
Fastest-growing cities in the U.S.
4/28/2022Facts and statistics on the fastest-growing cities in the United States by population number growth and population percent growth.
Jon Bortin
What is "house poor"?
4/28/2022Do you feel like you spend too much on homeownership? You’re not alone. Check out homeowner perspectives on housing expenses and affordability.
ConsumerAffairs Research Team
How long does underwriting take?
4/28/2022Wondering how long underwriting takes? It can take from a few days to a couple of months — check out our timeline to understand what you can expect.
Jennifer Schurman
What is a no-doc mortgage?
4/22/2022A no-doc mortgage is a home loan that doesn’t require traditional income verification from the lender. Learn how it works and the pros and cons.
Jennifer Schurman
How much does it cost to refinance?
4/15/2022Closing costs on a refi typically range from 2% to 6% of the purchase price. Use our guide to calculate your costs and learn about the fees.
Jennifer Schurman
FHA loans vs. USDA loans: 6 key differences
4/15/2022Eligibility requirements are the main distinction between FHA loans and USDA loans. Find out more about the key differences between these loan types.
Bradley Schnitzer
When is the best time to buy a house?
4/14/2022Wondering what the best time of year to buy a house is? Use our guide to learn more about the process and seasonal considerations.
Josh Richner
How to buy a new-construction home
4/14/2022From finding a lender and getting preapproved to designing the home of your dreams, learn how to buy a new-construction home in five simple steps.
Jennifer Schurman
How to refinance a mortgage
4/14/2022Refinancing your mortgage is a way to lower your payments or cash in on the home equity you’ve built up. Here’s how to refinance in eight steps.
Kathryn Parkman
How to get preapproved for a mortgage
4/14/2022Getting preapproved for a mortgage is a first step toward homeownership and shows sellers you’re serious. We break the process down step by step.
Diana Flowers
How to choose a mortgage lender
4/14/2022Steps to choose a lender, according to a loan officer: Consider mortgage options, get pre-qualified, compare offers and ask the right questions.
Kathryn Parkman
How to buy a house with bad credit
4/6/2022Looking to buy a home with a bad credit loan? Read our guide to learn about mortgage options and find out which one is best for you.
Bradley Schnitzer
How to buy a house that’s for sale by owner
4/6/2022Interested in buying a FSBO house? From preapproval to closing, we’ve got tips on how to buy a home for sale by owner in five simple steps.
Brandi Marcene
How to buy a house
4/5/2022Looking to buy a house this year? ConsumerAffairs has 12 steps to help you land your dream home in 2021. See our guide for more information.
Brandi Marcene
How to buy a condo
4/5/2022Buying a condo is different from buying a house. From co-ops to home loans, we’re breaking down everything you need to know about buying a condo.
Emily Moore
What is an appraisal waiver?
4/1/2022An appraisal waiver can save a homebuyer time and money. Learn how skipping out on the appraisal works and what to consider if you waive it.
Josh Richner
What is a VA Loan?
4/1/2022VA loans are 0%-down mortgages for military members. Read our guide to learn how they work, pros, cons and how they compare with other home loans.
Jessica Render
What is a title search?
4/1/2022A title search is a thorough review of documents related to a property’s ownership. Read our guide to see how it fits in the homebuying process.
Jennifer Schurman
What is a USDA loan, and am I eligible?
4/1/2022How do USDA loan programs work? Read about USDA’s eligibility requirements and compare the pros and cons of USDA loans before you apply.
Michele Lerner
What is a wraparound mortgage?
4/1/2022A wraparound mortgage is an alternative form of home financing that can help buyers with poor credit. Learn how it works and what to consider.
Josh Richner
What is amortization?
4/1/2022Mortgage amortization offers a payoff option with predictable, fixed monthly payments. Read about how it works and the pros and cons.
Jennifer Schurman
What is a conditional loan approval?
4/1/2022Conditional approval means you’re likely to be approved for a loan, as long as you meet certain criteria. Learn about how it works and the benefits.
Jennifer Schurman
What is an appraisal contingency?
4/1/2022An appraisal contingency protects a homebuyer if the house is worth less than expected. Learn how it works and read about other common contingencies.
Jennifer Schurman
What is a jumbo loan and am I eligible?
4/1/2022Jumbo loans are mortgages that exceed the conforming loan limit. Learn how jumbo loans work, if your eligible and how they compare to other loans.
Michele Lerner
What is an FHA loan?
4/1/2022Loans backed by the federal housing administration can be easier to qualify for. What they are, how they work and the pros + cons of FHA loans.
Jessica Render
What is a subprime mortgage?
4/1/2022Subprime mortgages help those with lower credit scores purchase a home, but they have higher rates. Learn how they work and the different types.
Bradley Schnitzer
What is earnest money?
4/1/2022Earnest money, also called a “good-faith deposit,” is an upfront payment the buyer puts down before closing. It shows they’re serious about an offer.
Diana Flowers
What is a piggyback loan?
4/1/2022A piggyback loan is a small home equity loan you can take out alongside your mortgage. Learn how it works, the types available and what to consider.
Bradley Schnitzer
What is a Closing Disclosure?
4/1/2022A Closing Disclosure is a document that outlines the finalized terms of your mortgage. Read our guide to see where it falls in the homebuying process.
Jennifer Schurman
What is a reverse mortgage, and how does it work?
4/1/2022A reverse mortgage can help you tap into your home’s equity, but is it worth it? Find out how it works and see the pros and cons with ConsumerAffairs.
Taylor Sansano
What is a balloon mortgage?
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Jennifer Schurman
What is equal-opportunity housing?
4/1/2022Equal-opportunity housing means everyone has equal opportunity to be considered when buying or renting property. Read our guide to learn more.
Brandi Marcene
What is a promissory note?
4/1/2022A promissory note is a document showing a borrower’s promise to repay a loan. Learn the differences between a mortgage and this type of document.
Jennifer Schurman
What does caveat emptor mean?
4/1/2022Caveat emptor is a Latin phrase meaning “let the buyer beware.” Learn what it has to do with a mortgage and what to look out for as you buy a home.
Jennifer Schurman
What is mortgage forbearance?
4/1/2022Forbearance is an option to consider if you need mortgage relief. Read more about how this payment pause works and the pros and cons.
Jennifer Schurman
What does a real estate attorney do?
4/1/2022A real estate attorney can help homebuyers through the closing process to make sure they understand the terms. Read more to find out if you need one.
Jennifer Schurman
What are real estate comps?
4/1/2022Real estate comps are recently sold homes that are comparable to a home on the market. Learn how they’re used and how to find them.
Jennifer Schurman
What are interest-only mortgages and how do they work?
4/1/2022Interest-only mortgages are nonconforming loans that let the borrower pay only on interest for a few years. Learn how they work and the pros and cons.
Bradley Schnitzer
What are closing costs?
4/1/2022Closing costs are lender processing, property and other fees paid to the lender when you close on a home. Learn how they work and how much they are.
Jennifer Schurman
What is a mortgage lien?
4/1/2022A mortgage lien is a creditor’s legal claim on a property. Learn about voluntary and involuntary mortgage liens and how they work.
Bradley Schnitzer
Should you pay off your mortgage early?
4/1/2022Paying off your mortgage early can save you money on your loan. Learn how this process works and the pros and cons of early repayment.
Jennifer Schurman
What is preforeclosure?
4/1/2022Preforeclosure typically happens once a borrower misses three mortgage payments. Learn how it works, what it means for you and how to avoid it.
Jennifer Schurman
Renting vs. buying a house
4/1/2022Is it better to rent or buy a home? We compare the pros and cons of each to help you determine if buying or renting is best for you.
Jennifer Schurman
What is a land loan?
4/1/2022A land loan is used to purchase property you plan to build a home on. Learn about how they work, the types available and what to consider.
Jennifer Schurman
What is title insurance?
4/1/2022Title insurance protects homebuyers and lenders from issues that arise in the transfer of property titles. Learn how it works and the different types.
Jennifer Schurman
What is a home equity loan, and how does it work?
4/1/2022Are home equity loans a good idea? Learn how home equity loans work, the benefits and disadvantages, home equity loans vs line of credit...
Michele Lerner
Mortgagor vs. mortgagee
4/1/2022In the homebuying process, the mortgagee is the lender and the mortgagor is the borrower. Learn the duties and responsibilities of each.
Jennifer Schurman
Mortgage pre-qualification vs. preapproval
4/1/2022Wondering about the differences between mortgage pre-qualification and preapproval? Use our guide to understand how each process works.
Valerie Johnston
Is mortgage interest deductible?
4/1/2022Looking for a lower tax payment? If you’re paying interest on a home loan, learn more here about mortgage interest deductions and how they work.
Jennifer Schurman
How to qualify for a mortgage
4/1/2022Thinking about buying a house? Read our guide to learn what affects mortgage qualification and how to increase your chances of approval.
Jennifer Schurman
How to get rid of PMI
4/1/2022Wondering how to get rid of PMI on your mortgage? Check out our timeline to understand what you can expect and when you can first request PMI removal.
Jennifer Schurman
How often can you refinance your home?
4/1/2022Looking to refinance your home but not sure how often it’s possible? Learn about refinance waiting periods and more with ConsumerAffairs.
Bradley Schnitzer
How long does it take to buy a house?
4/1/2022Wondering how long the homebuying process is? It often takes between 30 and 60 days. Check out our timeline to understand what you can expect.
Valerie Johnston
Home inspection checklist
4/1/2022Curious about what you should know when getting a home inspection? Use our checklist to make sure you don't miss anything in the process.
Bradley Schnitzer
Home equity loan requirements
4/1/2022Thinking about applying for a home equity loan? Find out if you have the credit history, loan-to-value ratio and debt-to-income ratio to qualify.
Michele Lerner
Buying a condo vs. a house
4/1/2022Is it better to buy a condo or a house? We compare the pros and cons of each option to help you determine which one is best for you.
Jennifer Schurman
20-year vs. 30-year mortgage: Which is best for you?
4/1/2022Not sure whether to get a 20-year or 30-year mortgage? Use our guide to understand the pros and cons of both mortgage term lengths.
Bradley Schnitzer
How to sell and buy a house at the same time
4/1/2022Should you buy or sell first? What’s a contingent offer? Get these answers and more in our guide to buying and selling at the same time.
Rosemary Avance, Ph.D.
How does a mortgage work?
3/30/2022Read our guide to learn about how a mortgage works, what’s involved in the homebuying process and basic mortgage terms you should know.
Brandi Marcene
Best online mortgage lenders
3/24/2022Looking for an online mortgage lender? Check out our top picks to compare requirements and customer satisfaction. Find the best lender today.
Kathryn Parkman
Best mortgage lenders for first-time buyers
3/24/2022Buying your first home? Check out Rocket, Better, New American Funding and more of our top lender picks. Plus, get answers to mortgage questions.
Kathryn Parkman
Best Mortgage Refinance Companies
3/18/2022Want to refinance your mortgage? Compare our top 9 picks for 2021 based on verified reviews. Learn how to find the best mortgage refinance company for you.
Jessica Render
Homebuying checklist
3/14/2022From setting a budget to closing, use our checklist to make buying a home a breeze. Learn more about the steps you should take when house-hunting.
Bradley Schnitzer
Pros and cons of an FHA Loan
3/6/2022Buying a house and need a mortgage? Learn about the pros and cons of an FHA loan to decide if it’s the right type of mortgage for you.
Valerie Johnston
Best Home Equity Loans
3/4/2022Need a home equity loan? Use our guide to find the best home equity loan lenders, compare loan requirements and fees and read verified customer reviews.
Michele Lerner
ARM vs. fixed-rate mortgages
3/2/2022It’s important to know the differences between ARMs and fixed-rate mortgages so you choose the right loan for you. Each has benefits and drawbacks.
Brandi Marcene
How to get a mortgage
3/2/2022Want to buy a house? Here’s everything you need to know about getting a mortgage, from the preapproval process to the closing details.
Kathryn Parkman
What credit score is needed to buy a house?
3/2/2022A score in the mid-700s gets better rates, but you can get approved at as low as 500. Learn more about how credit scores affect mortgage rates.
Amelia York
Current 15-year mortgage rates
3/2/2022Check out the current rates for 15-year mortgages. Depending on your situation, loan type and lender, your home loan rates may differ.
Jennifer Schurman
Mortgage lender vs. bank
3/2/2022Both mortgage lenders and banks can lend money for a home, but lenders usually offer more options, and banks often have stricter credit requirements.
Valerie Johnston
15-year vs. 30-year mortgage
3/2/2022A 15-year mortgage is a good alternative to a 30-year mortgage if you want to pay your home loan off faster. Learn more with ConsumerAffairs.
Josh Richner
How are mortgage rates determined?
3/2/2022Wondering what determines mortgage interest rates? Check out our guide to learn how market factors and personal finances influence your rate.
Jennifer Schurman
What is the average down payment on a house?
3/2/2022The median down payment on a house is around 12% and increases with buyer age. Read our breakdown and find out minimum down payments by loan type.
Brandi Marcene
How to get down payment assistance
3/2/2022Get help with your down payment with a down payment assistance program. Learn more about what they are, how they work and how to apply.
Kathryn Parkman
Mortgage broker vs. lender
3/2/2022A mortgage broker is an intermediary who can help you choose the best loan for you. Should you work with a broker or a direct lender?
Valerie Johnston
Conventional mortgage vs. FHA
3/2/2022Conventional and FHA loans are two common types of mortgages for homebuyers. Learn more about the differences between these loans on ConsumerAffairs.
Brandi Marcene
What is a condo mortgage, and how does it work?
3/2/2022Getting a condo mortgage requires additional steps in underwriting, and some loan programs have specific rules. Read more about condo mortgages here.
Brandi Marcene
What is a fixed-rate mortgage?
3/2/2022A fixed-rate mortgage’s interest rate will never change. This certainty is popular among borrowers — see if it’s the right option for you.
Bradley Schnitzer
Best bad credit home loans
3/1/2022Homeownership isn’t out of reach! Compare lenders and read our guide on how to buy a house when your credit score is less than perfect.
Leorah Gavidor
Current 10-year mortgage rates
3/1/2022The current 10-year mortgage rates listed here depend on elements like your credit score and the type of property you want to buy.
Josh Richner
How to save money for a house
2/28/2022Looking to buy a home but not sure where to start with a down payment? Read our guide for tips and advice to help save for a house.
Jennifer Schurman
What is a blanket mortgage?
2/25/2022A blanket mortgage is a type of financing that can help you efficiently procure a loan for multiple properties. Learn about these loans here.
Brandi Marcene
What is a conventional mortgage?
2/25/2022A conventional mortgage is a loan that’s not backed by the government. These loans have more flexibility but stricter qualifying requirements.
Bradley Schnitzer
What is PITI?
2/24/2022PITI stands for principal, interest taxes and insurance. Learn how these four little letters make a big impact in your monthly mortgage payment.
Taylor Sansano
Refinance rates today
2/17/2022Is it a good time to refinance? Compare current refinance rates and learn more about how refinance rates work to decide if you’re ready.
Emily Moore
Current mortgage rates
2/17/2022Check and compare current mortgage rates and get the lowdown on terms and loan types. Plus, find answers to your mortgage questions.
Emily Moore
Current VA mortgage rates
2/17/2022VA rates are typically lower than conventional loan rates. See today’s rates and learn how to get the best mortgage rates from lenders.
Brandi Marcene
What is a mortgage broker?
2/8/2022Mortgage brokers act as an intermediary between homebuyers and lenders. You can also choose to work directly with a lender. But which is best?
Emily Moore
VA loan requirements
2/4/2022VA loans help veterans and active-duty service members purchase homes with 0% down. Find out if you qualify and start the homebuying process today.
Jessica Render
FHA loan requirements
2/4/2022Considering an FHA mortgage loan? See if you qualify by reviewing the FHA loan requirements for down payment, loan limits, credit score and...
Jessica Render
What is a mortgage?
2/3/2022A mortgage is the type of loan you need to purchase or refinance a house. Learn important mortgage terminology and what to expect from the process.
Diana Flowers
How to get a VA Certificate of Eligibility
2/3/2022Ready to apply for a VA home loan? Here’s what you need to do to get a Certificate of Eligibility from the Department of Veterans Affairs.
Diana Flowers
How to refinance a VA loan
2/3/2022Can you refinance a VA loan? Yes! Learn how to get cash out or reduce interest rates with an IRRRL. Plus, eligibility requirements and costs.
Emily Moore
What to expect from a home inspection
1/27/2022A home inspection is part of the mortgage process. Learn about average costs, what home inspectors look for and how to read a home inspection report.
Taylor Sansano
10 VA loan benefits
1/27/2022Thinking about getting a mortgage through the U.S. Department of Veterans Affairs? Explore VA home loan benefits to find out if it’s really worth it.
Jessica Render
What is a second mortgage and how do you qualify for one?
1/27/2022A second mortgage is a loan taken out against the equity in your home. Learn more about how they work and how you qualify for one.
Sarah Harris
What is a warranty deed?
1/27/2022A warranty deed is a legal document between the seller and buyer of a home. Learn more about types of warranty deeds and how they work.
Sarah Harris
What is owner financing and how does it work?
1/27/2022With owner financing, a buyer finances the purchase of a home directly with the home’s seller. Learn more about how it works and if it’s a good idea.
Sarah Harris
How much are closing costs?
1/27/2022Average closing costs range from 2% to 5% of the loan amount. Use our guide to calculate closing costs and learn about closing fees.
Amelia York
First-time homebuyer loans and programs
1/27/2022You can qualify for first-time homebuyer benefits even if you’ve owned a home before. Read the full list of qualifications and homebuyer programs.
Jessica Render
How soon can you refinance a mortgage?
1/27/2022When you can refinance depends on the mortgage type. Learn about timelines for refinancing FHA, VA, USDA, jumbo and conventional home loans.
Diana Flowers
Cash-out refinance: how it works + pros and cons
1/27/2022There are many reasons to consider tapping into home equity through a cash-out refinance. Weigh the pros and cons to decide if it’s right for you.
Kathryn Parkman
Can you refinance a reverse mortgage?
1/26/2022Yes, you can refinance a reverse mortgage. Read about reverse mortgage refinance benefits to find out if it’s right for you on ConsumerAffairs.
Leorah Gavidor
Reverse mortgage scams
1/26/2022Learn about four types of reverse mortgage scams and how to avoid them with ConsumerAffairs. Plus, find out where you can get legitimate information.
Leorah Gavidor
What is an origination fee?
1/26/2022Planning to buy a house? Learn what an origination fee on a mortgage is and how much it costs. Plus, find out about other closing expenses.
Leorah Gavidor
How do construction loans work?
1/26/2022A construction loan can help you pay to build a new house or renovate an existing one. Read more about how they work and how to get one.
Leorah Gavidor
Best Jumbo Loan Lenders
1/24/2022Compare the best jumbo loan lenders to get the lowest rate. Learn about jumbo loan down payment options, interest rates, PMI and more. Top picks include ClearPath, Cardinal Financial and AmeriSave.
Emily Moore
How do you pay back a reverse mortgage?
1/21/2022There are several ways to pay back a reverse mortgage. While selling the home is fairly common, you also have other options to explore.
Brandi Marcene
What is an energy-efficient mortgage?
1/21/2022An energy-efficient mortgage can help you pay for a home that’s already eco-friendly or finance new green improvements. Learn about programs here.
Brandi Marcene
Types of mortgage loans
1/21/2022Which mortgage is right for you? Learn about the different types of home loans and how to choose a mortgage that will fit your needs.
Brandi Marcene
FHA vs. VA loans
1/21/2022Should you take advantage of your VA benefit, or is the FHA home loan a better deal? Compare the two mortgage options side by side to decide.
Brandi Marcene
What are mortgage points?
1/21/2022Mortgage points are fees paid to a lender to reduce the interest rate you pay on your home loan. But how much do they cost, and are they worth it?
Sarah Harris
How much should you put down on a house?
1/21/2022You may have heard that 20% is the ideal down payment amount, but that’s not always true. Here’s how down payments work and how much you should pay.
Kathryn Parkman
What does a title company do?
1/21/2022A title company confirms that a person has the legal right to sell a property. Learn what title companies do and how to choose one.
Taylor Sansano
What is escrow?
1/21/2022Escrow is a deed, bond, asset or amount of money that’s held by a third party. Learn about when you need an escrow account and how it works.
Bradley Schnitzer
Types of mortgage rates
1/20/2022Want to understand the types of mortgage rates available? Find more about mortgage rate types and discover important things you should know.
Danni White
How to buy a house with no money down
1/20/2022No-down-payment mortgages can be an appealing path to homeownership. Read the pros and cons, how to qualify and if they’re worth it.
Emily Moore
Government home loans: What are they and should you get one?
1/20/2022Government-backed loans can make it easier to qualify for a mortgage and buy a home. Compare your options and see which is right for you.
Bradley Schnitzer
How a no-closing-cost refinance works
1/20/2022No-closing cost refinances are available, but are they worth it? Read our guide to no-cost refinances to decide which refinance is right for you.
Bradley Schnitzer
What is a good debt-to-income ratio for a mortgage?
1/20/2022Debt-to-income ratio is the portion of your income that goes toward paying debts. DTI affects how much house you can afford. Learn how to calculate.
Diana Flowers
What is a home appraisal and how do they work?
1/20/2022Home appraisals determine the value of a property and are used in homebuying and refinancing. Learn more about what you can expect from an appraisal.
Emily Moore
What is an adjustable-rate mortgage and how do they work?
1/20/2022Adjustable-rate mortgages come with variable interest rates that tend to start low but change over time. How do they work, and when are they worth it?
Emily Moore
Mortgage APR vs. interest rate
1/20/2022Your home loan APR includes more than just an interest rate. Learn more about mortgage rates and how to compare rates and lenders.
Diana Flowers
What is mortgage insurance?
1/20/2022Mortgage insurance protects lenders from losing money if a borrower defaults on a home loan. Learn when PMI is required and how much it costs.
Trina Thomas
6 reverse mortgage alternatives (2021)
1/19/2022Are you considering a reverse mortgage? Explore your options, such as renting the property or getting a HELOC, before making a decision.
Amelia York
Reverse mortgage vs. home equity loan vs. HELOC
1/19/2022If you are looking to turn your home equity into cash you can use, consider whether a reverse mortgage, HELOC or home equity loan is right for you.
Taylor Sansano
What is the VA funding fee?
1/19/2022The VA funding fee is between 1.4% and 3.6% of the total loan. The amount is calculated based on loan type, down payment and other factors.
Trina Thomas
How much are VA loan closing costs?
1/19/2022VA loan closing costs are typically 3% to 5% of the mortgage amount. Learn about appraisal fees, origination charges and other expenses.
Trina Thomas
Advantages of a VA Loan Down payment
1/19/2022VA loans don’t require a down payment, but making one can save on interest. We break down the pros and cons to help you decide to pay or save.
Diana Flowers
How to consolidate debt with mortgage refinance
1/19/2022With a cash-out refinance, you use home equity to pay off other debts — but should you? We look at pros, cons and the true cost of refinancing.
Bradley Schnitzer
Tax deductions for homeowners
1/12/2022Whether you're buying your first home or you’ve owned for years, there are quite a few deductible expenses, from mortgage interest to property taxes.
Emily Moore
Proprietary reverse mortgage
1/11/2022A proprietary reverse mortgage is a type of loan that gives seniors access to higher amounts of their home equity. Learn more about how it works.
Emily Moore
Best FHA Loan Lenders
12/28/2021Need an FHA loan? Learn how to apply for an FHA loan. Compare the best FHA loan lenders. Top picks include AmeriSave, Homebridge and JG Wentworth.
Kate Williams, Ph.D.
Best USDA Lenders
12/22/2021Our picks for the top USDA lenders are Caliber Home Loans, New American Funding and AmeriSave Mortgage. Compare reviews and features to learn why.
Michele Lerner
Reverse mortgage requirements
11/8/2021What are the requirements for a reverse mortgage? Learn about age limits, ownership criteria and mandatory financial counseling with ConsumerAffairs.
Emma Simon
Best Mortgage Lenders in Dallas, TX
9/30/2021In the market for a new home? Be sure to check out our guide on the best Dallas mortgage lending companies to help you decide the right company.
Sandi Pope
Best Mortgage Lenders in San Antonio, TX
9/30/2021Looking for a home loan? Read our guide to see a list of the best San Antonio mortgage loan companies. Compare and find the right one for your location.
Sandi Pope
Best Mortgage Lenders in Houston, TX
9/30/2021Wanting to secure your dream home? Check out our guide to find the best Houston mortgage companies to compare trends, rates and more.
Sandi Pope
Best Mortgage Lenders in Tulsa, OK
9/30/2021Looking for a new home? Read our guide on the best Tulsa mortgage companies. Compare trends, rates and more to find the right company.
Sandi Pope
Best Mortgage Lenders in Las Vegas, NV
9/30/2021Looking to secure your dream home? Read our guide on the best Las Vegas mortgage companies to compare rates, location trends and more.
Sandi Pope
Best Mortgage Lenders in Pittsburgh, PA
9/30/2021Ready to be a homeowner in Pittsburgh? Check out our guide to see the best mortgage companies and learn what's required, trends and more.
Sandi Pope
Best Mortgage Lenders in Los Angeles, CA
9/30/2021Wanting to buy your dream home? Use our guide on the best Los Angeles mortgage companies to compare options and learn what type of loan is best for you.
Sandi Pope
Best Mortgage Lenders in Austin, TX
9/30/2021Looking to buy a new home? We compiled a list of the best Austin mortgage lenders. Compare what loans are offered, rates and more.
Sandi Pope
Best Mortgage Lenders in Chicago, IL
9/30/2021Looking to purchase a home? Read our guide to find the best Chicago mortgage companies. Compare types of home loans, rates and more.
Sandi Pope
Best Mortgage Lenders in Cincinnati, OH
9/30/2021Wanting to purchase a new home? We compiled a list of the best Cincinnati mortgage lenders to help you compare loans and learn the requirements to apply.
Sandi Pope
Best Mortgage Lenders in Milwaukee, WI
9/30/2021Looking to purchase a home and need a mortgage? Use our list of the best Milwaukee mortgage companies to help you take your first step.
Sandi Pope
Best Mortgage Lenders in Denver, CO
9/30/2021Buying a home is a big investment. Use our guide to find the best Denver mortgage lenders. Compare housing trends, loan types and more.
Sandi Pope
Best Mortgage Lenders in Indianapolis, IN
9/30/2021Wanting to buy a new home? Read our guide to find the best Indianapolis mortgage companies. Compare loans offered, services and more.
Sandi Pope
Best Mortgage Lenders in Sacramento, CA
9/30/2021Looking to buy a house? Check out our guide to find the best Sacramento mortgage lenders. Learn about rates, trends and how to choose a company.
Sandi Pope
Best Mortgage Lenders in Atlanta, GA
9/30/2021Looking for a way to secure your new home? Read our guide to find the best Atlanta mortgage companies. Compare loan types, learn requirements and trends.
Sandi Pope
Best Mortgage Lenders in Kansas City
9/30/2021Want to buy a house? Compare your options using our guide on the best Kansas City mortgage lenders. Learn the trends and requirements to be prepared.
Sandi Pope
Best Mortgage Lenders in Portland, OR
9/30/2021Looking to buy a new home? We created a guide of the best Portland mortgage companies. Compare home loan types and learn trends and requirements.
Sandi Pope
Best Mortgage Lenders in Orlando, FL
9/30/2021Trying to buy a house? Read this guide to find the best Orlando mortgage lenders and learn the trends to take advantage of the market.
Sandi Pope
Best Mortgage Lenders in Albuquerque, NM
9/30/2021Buying a new home? Be sure to check out our guide to find the best Albuquerque mortgage lenders. Compare loan types, trends and requirements.
Sandi Pope
Mortgage Local Recommendations
Mortgage lenders in your city can help you with the ins and outs of the local market. We looked at our favorite companies across the U.S. to help you find a mortgage lender near you.
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- Southwest
- West