A closing disclosure is a set of documents that contains the finalized details of your mortgage. Mortgage lenders are required to furnish the closing disclosure at least three business days before the ...

If you’re in the homebuying process or you’re applying to refinance your mortgage, you’ll come across a document called a loan estimate. Lenders are required to disclose this document after you submit ...

No-closing-cost mortgages are mortgages where your lender pays the closing fees on your behalf. It shouldn’t be confused with a mortgage with no closing costs. Before considering a no-closing-cost ...

Mortgage loan origination is the process your lender goes through to establish your loan after you apply for a mortgage. When you close on your loan, you’ll pay a mortgage origination fee, often equal ...

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants, ...

Conventional homebuying advice focuses heavily on the money you’ll need to save up for a down payment but gives less attention to the notable sum required to cover closing costs. It’s no surprise, ...

Mortgage origination is the process through which the lender approves and creates your loan. Steps in the mortgage origination process include getting preapproval, applying for the loan, waiting for ...

Aside from the down payment, your mortgage closing costs — typically due on the date the home sale is finalized — are likely going to be the largest expense as part of the homebuying process. One ...