What is a Letter of Explanation?

When an underwriter reviews your financial documents, they can't see the full picture. You may be asked to write a letter of explanation.

What is a Loan Estimate?

Your lender must provide a Loan Estimate within three business days of receiving your application. It gives the most pertinent information about your loan.

What is a Mortgage Contingency?

A mortgage contingency is a clause in a real estate contract that protects both the buyer and the seller if loan financing were to fall through.

What is a Mortgage?

A mortgage is a loan used to purchase or refinance a home, and it obligates the borrower to pay back the loan with a predetermined set of payments.

What is a Non-Qualifying Mortgage (Non-QM)? Your Complete Guide

Ready to buy but worried you won't qualify? Non-QM loans, different from subprime loans, may be the financial key to your homeownership dream.

What is a Reverse Mortgage Refinance?

If you're 62+ and on a fixed income or looking to make a significant addition to your finances, a reverse mortgage refinance might be for you.