But you can't just use any type of loan. To buy a house, you'll need to get a mortgage. Understanding the basics of a mortgage A mortgage is a type of loan used to purchase a home. When you get a ...

A mortgage is not just a loan; it’s a financial tool that enables you to buy property that might otherwise be unaffordable Divyakshi Sharma is a professional copywriter and a proud North ...

Approximately 3% of mortgage renewals are denied. Forbes Advisor Canada explains the most common reasons why and what to do ...

Mortgage origination is the process through which the lender creates your loan. Steps in the mortgage origination process ...

A reverse mortgage is a loan that allows homeowners to leverage the equity in their home, similar to a cash-out refinance. But instead of slowly paying the loan back in monthly installments ...

Loan-level price adjustments, or LLPAs, are fees that influence the cost of a conventional mortgage based on a borrower's risk level. LLPA fees lower mortgage pricing for low-risk borrowers ...

Oscar Wong / Getty Images A DPA loan, or down-payment assistance loan, is a type of loan designed to help homebuyers cover ...

Emily Batdorf is a personal finance writer specializing in banking and lending. She has contributed to Forbes Advisor, Credible and Angi. She also works with financial professionals and ...

A mortgage application fee is a closing cost you pay a mortgage lender when you apply for a home loan. It’s usually nonrefundable, which means you won’t get your money back even if the lender ...

Learn how much you could pay in recording fees. A Loan Estimate is a document a lender gives you after you’ve applied for a mortgage, explaining the potential terms and costs. Learn how to read ...

Rocket Mortgage's ONE+ home loan allows eligible homebuyers to put as little as 1% down. We took a look at the features, advantages and potential risks of the ONE+ mortgage and compared it to ...