Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Buying a home is one of the largest ...

Millions of Americans have mortgages on their homes, but not all of them understand exactly what makes up their mortgage payment or the different words and terms they’ll hear when going through the ...

Mortgage Broker — As do mortgage bankers, takes loan application and processes the necessary paperwork. Unlike a mortgage banker, brokers do not fund the loan with their own money, but work on behalf ...

Whether you’re buying your first home or your third, you’re bound to hear some new words and phrases during the mortgage process. Here are some of the most commonly used terms — and what their ...