Glossary of Terms
Glossary of Terms

Dive into our detailed glossary of mortgage terms to deepen your understanding of real estate and lending. This resource is packed with essential definitions and insights for all homebuyers.

Refinance
Refinance

Refinancing your mortgage is a common practice used to lower monthly payments, interest rates, lower your DTI and more. Read about refinancing, how it works, cost and more.

Appraisals
Appraisals

An appraisal is an estimate of a property’s fair market value and is required by a lender to ensure the loan amount is not more than the property value. Read about appraisals, how they work, ownership and more.

Closing Costs
Closing Costs

A closing cost is a payment required to finalize a home loan and is separate from a down-payment. Read about closing cost, their purpose, how you can pay them and more.

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