What is a prepayment penalty, and how can you avoid it?

Wondering what a mortgage processor does? They gather and review your income, credit, and asset documents to prepare your mortgage application for underwriting. Read more

Learn what a co-op is, how cooperative housing works, and what ownership means. Understand fees, rules, and the role of the governing board in co-op living. Read more

Learn how conforming conventional loans are backed by Fannie Mae and Freddie Mac, with oversight from the FHFA to promote affordability and market stability. Read more