What exactly does "locking" mean?

Learn how mortgage lenders evaluate your credit and which credit score is used for mortgage applications, including details on co-borrowers and credit checks. Read more

Appraisal definition: learn its importance in the mortgage process and how it's used by lenders to evaluate the value of a property before approving a loan. Read more

Discover what a loan-to-value ratio is and how the LTV ratio is calculated. Learn how lenders use it to assess mortgage risk, home equity, and PMI requirements. Read more