Mortgage terminology

Get clarity on the unique language of mortgage loans

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Featured resources

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9-minute read

Mortgage default: Everything you need to know

Mortgage default can occur if you stop making payments, and it can lead to foreclosure. See how to avoid delinquency and what to do with a mortgage in default.

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4-minute read

Understanding owner-occupied properties: What investors should know

Owner-occupied investments are properties in which the landlord both owns and lives in a home. Understand the pros and cons of owner occupancy before you buy.

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4-minute read

What you should know about tri-merge credit reports

Tri-merge credit reports help mortgage lenders determine the size and type of your loan. Learn more about the role this report plays in your application.

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6-minute read

Mortgage amortization schedule: What it is and how to calculate yours

A mortgage amortization schedule shows a breakdown of your monthly mortgage payment over time. Figure out how to calculate your mortgage amortization.

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4-minute read

Tenancy in common (TIC): What is it and how does it work?

Tenancy in common is when two or more people share ownership of a property. Learn more about tenants in common and how they compare to other tenancy types.

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8-minute read

What is PMI? Private mortgage insurance defined and explained

Private mortgage insurance can be a tricky subject, so we broke down what PMI is, how much it costs, and how to tell whether it's the right option for you.