TILA Mortgage Learning Center

Buying a house is one of the biggest decisions of your life – and likely one of the largest financial transactions you will be a part of. To avoid financial disaster, you need everything to go smoothly, without surprises. This is particularly true when you’re…

If you’ve decided it’s time to buy a house, then it’s also time to get educated about your options. Homebuyers in the United States have lots of different choices, but before you make a decision you need to understand the different loan types – and…

Buying a home involves serious planning and careful decision making. The first step is to apply for a mortgage loan and fortunately, home buyers can choose from a seemingly endless array of mortgage loan products today. That is the good news. However, with so many…

Home refinancing is a common practice in the mortgage industry. Put simply, it refers to the process of replacing an existing loan with a new loan. Why would a homeowner want to take on new loan instead of just keeping their current one? Refinancing actually…

Getting a loan for a new home is not always easy. Because of previous economic uncertainty, lending conditions have tightened and fewer people are qualifying for loans than they have in the past. If you want to be in good shape to get your loan…

An adjustable rate mortgage – also known as an ARM – is a home loan with an interest rate that fluctuates throughout the life of the loan. “Adjustable rate” and “fixed rate” are the two main types of mortgage products today. With a fixed rate…

When on the hunt for a new home, it may happen that you come across the perfect home in not-so-perfect condition. It can be challenging to get a mortgage on a fixer-upper, as lenders may be concerned that your home choice isn’t up to par…

Purchasing investment property is a great option for investing your money. However, getting a mortgage for such a purchase is quite different than getting a loan for a primary residence. Qualifying for a Real Estate Investor Loan Compared to getting a loan for a home…

For people who have equity in their homes, it can be tempting to use that money to make large purchases like a car. When you do this, you use your home as collateral – meaning you are borrowing money against your home in order to…

Two of the major factors that lure millions of Americans to refinance their mortgages are the current low-interest rates and the prospect of saving loads of money. However, just like most things in the loan and mortgage industry, it’s not quite that simple. Although a…