Mortgage 101

New to mortgage financing? Looking for mortgage rates? The articles and resources below can help get you up to speed on how mortgages work and help you find the right mortgage product for your needs.

What is CLTV?

CLTV: A Simple Explanation of What It Is And Why It Matters

If you have more than one mortgage on your home and have recently applied for a mortgage, you may ... Read More
What Is HCLTV?

HCLTV: A Simple Explanation of What It Is And Why It Matters

If you have a home equity line of credit (HELOC) and have recently applied for a mortgage, you may ... Read More
Texas Cash Out Refinance

The Texas Cash-Out Refinance Is Unique. Here's How It Works.

If you're a homeowner in Texas, you've probably heard that the Texas cash-out refinance rules are somewhat unique. If ... Read More
Loan Level Price Adjustment LLPA

3 Ways Loan Level Price Adjustments (LLPAs) Can Cost You Thousands on a Mortgage

Loan level price adjustments, or LLPAs, are largely invisible to mortgage borrowers, but they can add thousands to the ... Read More
Mortgage Without 2 Years Work History

How to Get a Mortgage Without 2 Years Work History, According to a Mortgage Industry Veteran

It can sometimes be challenging to get a mortgage without 2 years work history, but it's not impossible. If ... Read More
What is a purchase money mortgage? How does it work?

6 Purchase Money Mortgage Advantages and Disadvantages

What is a purchase money mortgage? How does it work? We'll answer these questions and explain six potential advantages ... Read More