Jump in and get an overview on common mortgage terms

Understanding the language of mortgages can go a long way in helping you feel more confident throughout the home loan process. Whether you’re a first-time buyer or just need a refresher, this section will give you a clear, simple breakdown of the most commonly used mortgage terms so you can move forward with clarity and confidence.

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Application Checklist

Get a head start on your mortgage process with a complete list of documents and information you’ll need to apply for a home loan. From proof of income to bank statements, we’ve laid it all out so you can be prepared from day one. Click learn more below to get the checklist.

Credit

Your credit score plays a big role in qualifying for a mortgage and determining your interest rate. Learn how credit works, what lenders look for, and how to improve your score before applying. Click learn more to dive into the details.

Closing Costs

Closing costs are the fees and expenses due at the final stage of your home purchase. Learn what’s typically included, how much you can expect to pay, and ways to potentially reduce these costs. Click learn more below for the full breakdown.

Appraisals

A home appraisal helps determine the market value of a property and ensures you’re not overpaying. Learn how appraisals work, why they’re important, and what to expect during the process. Click learn more to explore further.

Private Mortgage Insurance (PMI)

Private Mortgage Insurance or PMI is insurance that protects a lender from increased risk from borrowers putting less than 20% down on a house. Read about PMI, how it works, cost and more by clicking learn more below.

Refinance

Refinancing can be a smart move to lower your interest rate, change your loan terms, or tap into home equity. Discover when it makes sense to refinance and what steps are involved. Click learn more to see if refinancing is right for you.

Glossary of Terms

Not sure what “escrow” or “amortization” means? Our glossary covers all the key mortgage terms in plain English so you can better understand the entire process. Click learn more to start learning the lingo.

Foreclosure

Foreclosure is a legal process that occurs when a borrower can no longer make their mortgage payments. Learn how foreclosure works, the warning signs, and ways to avoid it. Click learn more for important insights.

Know the Lingo Before You Sign on the Dotted Line

Mortgages come with their own set of terms and acronyms—and we know it can get confusing fast. That’s why we’ve created an easy-to-follow resource to help you get familiar with the basics. From interest rates to escrow, amortization, and beyond, we’ll walk you through what it all means so you can make informed decisions at every step.

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We’re here to help you navigate the home loan process with ease. Whether you have questions about loan options, need assistance with an application, or want to discuss your financial goals, our team is ready to assist you.