Related FAQs
Learn what a mortgage lock-in rate is, how it protects you from rising interest rates, and how long it lasts when securing a home loan with your lender. Read more
Learn what a mortgage lock-in rate is, how it protects you from rising interest rates, and how long it lasts when securing a home loan with your lender. 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
When applying with a co-borrower, lenders use the lower credit score. Learn how this affects loan terms, and when it makes sense to apply solo or jointly. Read more
When applying with a co-borrower, lenders use the lower credit score. Learn how this affects loan terms, and when it makes sense to apply solo or jointly. Read more