PITI represents the four key components of a typical mortgage payment: Principal, Interest, Taxes, and...
Payment shock occurs when a borrower's monthly loan payment rises sharply and unexpectedly, creating...
An owner-builder construction loan allows you to finance building your own home by acting as your own...
An open-end mortgage is a flexible home loan feature that lets you borrow extra funds up to a set limit...
A non-owner-occupied loan is a mortgage for properties not used as your primary home, such as rental...
A non-conforming loan is a mortgage that does not meet the standard guidelines of Fannie Mae and Freddie...
A no-doc mortgage was a loan with minimal or no income and asset verification, popular before 2008 but...
Negative equity, or being 'underwater' on a loan, happens when you owe more on an asset than it's worth,...
A multi-family mortgage finances properties with two or more separate living units, making it ideal for...
A mortgage servicer transfer occurs when a new company takes over managing your mortgage payments and...