What's the definition of basis points or BPs?

Learn what a mortgage gift letter is and how it helps lenders confirm that the gifted funds for a down payment or closing costs are not counted as debt. Read more

Explore what does pmi stand for in real estate, why lenders require it on low-down-payment loans, how rates vary, and when you can cancel at 20% equity. Read more

Learn what a refinance appraisal fee covers and whether you can avoid it. Read more