{"id":702,"date":"2026-04-07T10:41:13","date_gmt":"2026-04-07T10:41:13","guid":{"rendered":"https:\/\/edirectorysolutions.com\/geniusloans\/?page_id=702"},"modified":"2026-04-22T08:58:15","modified_gmt":"2026-04-22T08:58:15","slug":"mortgage-basics","status":"publish","type":"page","link":"https:\/\/edirectorysolutions.com\/geniusloans\/mortgage-basics\/","title":{"rendered":"MORTGAGE BASICS"},"content":{"rendered":"\t\t
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MORTGAGE BASICS<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Jump in and get an overview on common mortgage terms<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Application Checklist<\/a><\/h3>

Applying for a mortgage can seem like a daunting and scary process. To help, we've created a checklist of things for you to compile, complete and acknowledge before applying. See the fill list by clicking learn more below.


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Credit<\/a><\/h3>

Credit history is a recorded file of past and current credit that is utilized to compile a credit score. Read about credit, how it works, how to improve your score and more by clicking learn more below.



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Closing Costs<\/a><\/h3>

A closing cost is a payment required to finalize a home loan and is separate from a down-payment. Read about closing cost, their purpose, how you can pay them and more by clicking learn more below.


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Appraisals<\/a><\/h3>

An appraisal is an estimate of a property's fair market value and is required by a lender to ensure the loan amount is not more than the property value. Read about appraisals, how they work, ownership and more by clicking learn more below.

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Private Mortgage Insurance (PMI)<\/a><\/h3>

Private Mortgage Insurance or PMI is insurance that protects a lender from increased risk from borrowers putting less than 20% down on a house. Read about PMI, how it works, cost and more by clicking learn more below.


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Refinance<\/a><\/h3>

Refinancing your mortgage is a common practice used to lower monthly payments, interest rates, lower your DTI and more. Read about refinancing, how it works, cost and more by clicking learn more below.



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Glossary of Terms<\/a><\/h3>

See a full list of mortgage terms by clicking learn more below.








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Foreclosure<\/a><\/h3>

Foreclosure is the process of a lender seizing a property in accordance with the terms stipulated in the mortgage contract. Read about foreclosure and how to avoid it by clicking learn more below.



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Get Your Mortgage Questions Answered Today!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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MORTGAGE BASICS Jump in and get an overview on common mortgage terms Application Checklist Applying for a mortgage can seem like a daunting and scary process. To help, we’ve created a checklist of things for you to compile, complete and acknowledge before applying. See the fill list by clicking learn more below. Learn More > Credit Credit history is a recorded file of past and current credit that is utilized to compile a credit score. Read about credit, how it works, how to improve your score and more by clicking learn more below. Learn More > Closing Costs A closing cost is a payment required to finalize a home loan and is separate from a down-payment. Read about closing cost, their purpose, how you can pay them and more by clicking learn more below. Learn More > Appraisals An appraisal is an estimate of a property’s fair market value and is required by a lender to ensure the loan amount is not more than the property value. Read about appraisals, how they work, ownership and more by clicking learn more below. Learn More > Private Mortgage Insurance (PMI) Private Mortgage Insurance or PMI is insurance that protects a lender from increased risk from borrowers putting less than 20% down on a house. Read about PMI, how it works, cost and more by clicking learn more below. Learn More > Refinance Refinancing your mortgage is a common practice used to lower monthly payments, interest rates, lower your DTI and more. Read about refinancing, how it works, cost and more by clicking learn more below. Learn More > Glossary of Terms See a full list of mortgage terms by clicking learn more below. Learn More > Foreclosure Foreclosure is the process of a lender seizing a property in accordance with the terms stipulated in the mortgage contract. Read about foreclosure and how to avoid it by clicking learn more below. Learn More > Learn About Our Loan Programs Get Your Mortgage Questions Answered Today! Contact Us<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-702","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/edirectorysolutions.com\/geniusloans\/wp-json\/wp\/v2\/pages\/702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edirectorysolutions.com\/geniusloans\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/edirectorysolutions.com\/geniusloans\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/edirectorysolutions.com\/geniusloans\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/edirectorysolutions.com\/geniusloans\/wp-json\/wp\/v2\/comments?post=702"}],"version-history":[{"count":49,"href":"https:\/\/edirectorysolutions.com\/geniusloans\/wp-json\/wp\/v2\/pages\/702\/revisions"}],"predecessor-version":[{"id":1568,"href":"https:\/\/edirectorysolutions.com\/geniusloans\/wp-json\/wp\/v2\/pages\/702\/revisions\/1568"}],"wp:attachment":[{"href":"https:\/\/edirectorysolutions.com\/geniusloans\/wp-json\/wp\/v2\/media?parent=702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}