Related FAQs
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
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
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more
Explore what a fixed-rate mortgage is, how it works, and why it's a great home loan option for buyers seeking stable interest rates and predictable payments. Read more
Explore what a fixed-rate mortgage is, how it works, and why it's a great home loan option for buyers seeking stable interest rates and predictable payments. Read more