How Mortgages Work: A Comprehensive Guide
Table of Contents How Mortgages Work: A Comprehensive Guide What is a Mortgage? Types of Mortgages 1. Fixed-Rate Mortgage 2. Adjustable-Rate Mortgage (ARM) 3. Government-Backed Mortgages The Mortgage Application Process 1. Prequalification 2. Mortgage Application 3. Mortgage Underwriting 4. Loan Approval and Closing