Mortgage Basics
The fundamentals, explained.
APR, points, PMI, MIP, escrow, amortization — the vocabulary and mechanics of a mortgage, without the jargon.
Articles in Mortgage Basics
- 4 min read
What Is APR?
How annual percentage rate differs from your interest rate — and why both matter.
Read article - 4 min read
What Are Mortgage Points?
Buying down your rate — how discount points work.
Read article - 5 min read
PMI vs MIP Explained
Two kinds of mortgage insurance, two very different sets of rules.
Read article - 5 min read
Escrow Accounts Explained
How lenders collect and pay your taxes and insurance.
Read article - 5 min read
Fixed vs Adjustable Rate Mortgages
Which structure fits your timeline and risk tolerance?
Read article - 4 min read
Mortgage Amortization Explained
Why early payments feel like they don't touch the balance.
Read article - 3 min read
What Is a Rate Lock?
How locks protect you from rate movement during processing.
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