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Your Mortgage Statement ExplainedKey PointsYour mortgage statement is a document that contains important details about your loan.You will receive a statement from your lender or servicer for each billing cycle, and it is a good idea to review each statement for accuracy.If you can access your statements online, you may get rid of the paper version, but there...

Types of Mortgage Lenders and How to ChooseKey PointsMortgage lenders finance the purchase, construction, or renovation of a property. They also offer mortgage refinancing and some other mortgages.Many types of lenders, including banks, offer mortgages through various channels, such as correspondents, directly or wholesale.Some big mortgage names (e.g., Fairway...

Key Mortgage Terminology to know: A Guide to Commonly used phrasesIf you're financing a home purchase, it's important to understand mortgage terminology. But becoming fluent can feel like learning a new language. To help, here's our guide to key mortgage terms and conditions, from A(PR) loans to V(A) loans, to demystify the process and help you find finance. ...

Mortgage lien: What They Are and How They WorkKey PointsMortgage liens are legal claims on property securing a mortgage.Property rights can be general or specific and voluntary or involuntary. The right to mortgage is express and voluntary.The priority of liens on a property determines which lien will be paid first in the event of default and foreclosure.The...