Mortgage answers

Are there any different requirements for same-sex spouses jointly applying for a VA Loan?

I’m a veteran shopping for a mortgage. I want to use my VA home loan benefit, but some lenders have said they don’t offer VA loans. Can they do that?

What are my rights as a servicemember under the Equal Credit Opportunity Act? Can a creditor refuse to extend credit to me just because I’m a servicemember?

I am getting a mortgage loan and I have heard the term "TRID." What does "TRID" mean?

Will I receive the Know Before You Owe disclosures when I shop for a mortgage?

My appraisal is less than the sale price. What does that mean for me?

What exactly happens when a mortgage lender checks my credit?

How much does it cost to receive a Loan Estimate?

What is the Total Interest Percentage (TIP) on a mortgage?

My mortgage closing forms mention a "security interest." What is a security interest?

What is a demand feature? What does it mean if the demand feature is checked off on my Closing Disclosure?

What is a Loan Estimate?

Why is the title insurance premium on the Loan Estimate and Closing Disclosure different from the premium listed on the paperwork I received from the title insurance company? Am I being charged more?

I received a revised Loan Estimate from my lender showing a higher interest rate and increased closing costs. What does this mean?

My loan officer said that I need to express my —Intent to Proceed— in order for my mortgage loan application to move forward. What does that mean?

What information do I have to provide a lender in order to receive a Loan Estimate?

My loan officer says that I can't apply for a mortgage loan and receive a Loan Estimate until I can provide a copy of a signed purchase contract, is that correct?

What is a Closing Disclosure?

What is a PACE loan?

How can I find the loan limit for an FHA loan in my county?

What are Fannie Mae and Freddie Mac?

What is a prepayment penalty?

What is mortgage insurance and how does it work?

With an adjustable-rate mortgage (ARM), what are rate caps and how do they work?

For an adjustable-rate mortgage (ARM), what are the index and margin, and how do they work?