Homeowner Education

A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses.

A mortgage banker is someone who originates home loans. The mortgage banker might keep the loan or sell it to an investor.

A moratorium period is a period during a loan term when the borrower is not obligated to make a payment.

Median price is the middle point for real estate prices. It is not the same as the average price.

In finance, maturity refers to the date on which the principal balance of a loan becomes due and payable. It also refers to the date

This includes loan amount, interest rate, payment and maturity date. The maturity date is the date when your final payment is due.

When applying for a mortgage from a lender, a lock-in, or rate lock, represents a guarantee from the lender to give you a certain price

A locked-in rate, also referred to as a rate lock, is a specific interest rate for a mortgage loan that is being held for a

Loan consolidation enables a student to consolidate multiple student loans into a single loan. By consolidating your student loans, you only have to make one