Consider contingencies Resource Center

Welcome to the Mortgage Daily Resource Center! Here, you’ll find everything you need to know about the mortgage industry, all in one convenient location.

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Closing the Deal: Finalizing the Sale with a Purchase Agreement or Sales Contract

FHA Loan: An Overview

A government organization called the Federal Housing Administration (FHA) gives mortgage insurance to lenders, enabling them to grant loans to borrowers with less-than-perfect credit and low-to-moderate income. These borrowers are intended for FHA...

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Closing the Deal: Finalizing the Sale with a Purchase Agreement or Sales Contract

FHA Loan: An Overview

A government organization called the Federal Housing Administration (FHA) gives mortgage insurance to lenders, enabling them to grant loans to borrowers with less-than-perfect credit and low-to-moderate income. These borrowers are intended for FHA...

Closing the Deal: Finalizing the Sale with a Purchase Agreement or Sales Contract

Adjustable-Rate Mortgage (ARM): An Overview

The interest rate of an adjustable-rate mortgage, or ARM for short, can fluctuate over time in response to market conditions. An ARM's interest rate changes, often once a year, unlike a fixed-rate mortgage, where it stays the same throughout the...

Closing the Deal: Finalizing the Sale with a Purchase Agreement or Sales Contract

Fixed-Rate Mortgage: An Overview

With a fixed-rate mortgage, the interest rate is locked at a certain level for the duration of the loan. Homebuyers who seek stable finances and predictable monthly payments frequently opt for this mortgage. A fixed-rate mortgage's terms are...

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