Federal

The appraisal came in under your contract price. Here are your five options, what an appraisal gap clause commits you to, and how the shortfall changes your loan.

Your 45-day lock is running out and closing has slipped. Here’s what an extension costs, who pays when the delay isn’t your fault, and how to avoid the trap.

Three days before closing, Maria opened her Closing Disclosure and felt her stomach drop. The number on the page was $4,200 higher than anything she had budgeted for — and her lender’s explanation was a wall of line items she had never seen before. Closing costs are the part of homebuying that nobod

The moving truck was booked. The utilities were transferred. Then, 48 hours before closing, the phone rang — and it wasn’t the title company calling to confirm the time. Most buyers know the mortgage process ends at the closing table. What they don’t know is that lenders run a second, silent credit

Marcus and Priya had lost four houses before they finally won one. When their agent told them the sellers wanted a clean offer — no contingencies — they signed away the inspection clause without sleeping on it. Six weeks after closing, a plumber pulled back the bathroom drywall and found corroded pi

What Happens During the Underwriting Process? You have most likely heard the term “underwriting”...

During the closing of your home, you will accumulate a mound of documents. It’s a good thing most...

Getting mortgage approval is not the end of your journey when buying a house. These are all things...