What Is a QM Loan vs. a Non-QM Loan?
May 11, 2026 | 1 min read | The mortgage process
The difference between a Qualified Mortgage (QM) and a Non-Qualified Mortgage (Non-QM) loan comes down to how the borrower’s ability to repay (ATR) is documented and evaluated.
Qualified Mortgage (QM) Loan
A QM loan follows strict federa...
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Condo vs Co-op: Differences, Pros and Cons Explained
May 4, 2026 | 4 min read | The mortgage process
When comparing a condominium vs. a cooperative, the most important difference comes down to ownership structure. This distinction affects how you finance your home, what you pay monthly, and how much flexibility you have as an owner.
Understandin...
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Understanding When a Refinance Makes Sense
May 1, 2026 | 4 min read | The mortgage process
Refinancing your mortgage can be a smart financial move. Understanding when a refinance makes sense can help you potentially lower your monthly payment, reduce long-term interest, or access your home’s equity.
If you are wondering how to know w...
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Mortgage Process Do’s and Don’ts: What to Do (and Avoid) During the Mortgage Process
April 13, 2026 | 3 min read | The mortgage process
Applying for a mortgage can feel overwhelming, especially if you’re unsure what actions could impact your approval. Understanding the mortgage do's and don’ts—and what not to do when applying for a mortgage—can help you navigate the process ...
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Mortgage Broker vs. Mortgage Banker vs. Retail Bank: What’s the Difference?
March 18, 2026 | 3 min read | The mortgage process
When exploring home financing, you will likely come across terms like mortgage broker, mortgage banker, and retail bank. While they may sound similar, they play very different roles in the lending process.
Understanding the difference between a m...
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Jumbo Loans: What They Are and How They Work
January 12, 2026 | 3 min read | The mortgage process
If you’re buying a home in a high-cost market like New York City, you may encounter the term jumbo loan. Understanding how jumbo loans differ from a conventional mortgage can help you make more informed financing decisions.
What Is a Jumbo Loan...
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What Not to Do During the Mortgage Process
October 29, 2021 | 3 min read | The mortgage process
Upon submitting a mortgage application and providing some brief documentation, you will receive a mortgage pre-approval. Pre-approvals are based on your current financial and credit information, so it is important to avoid things that may negatively...
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What is a Mortgage Note and Why is it Important?
October 28, 2021 | 2 min read | Owning a home, The mortgage process
A mortgage note is a legal document signed by the borrower at the closing, promising to repay your mortgage. Mortgage notes are contractual documents filed with the local government that state the agreed-upon terms of your loan and outline the prop...
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What is Included in a Mortgage Payment?
October 8, 2021 | 3 min read | The mortgage process
If you are thinking about buying a home or reviewing your current loan terms, you may be wondering what is included in your monthly mortgage payment. Your monthly payment will consist of the principal, interest, taxes, and insurance, and w...
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What is an Appraisal? The Home Appraisal Process
October 6, 2021 | 5 min read | The mortgage process
Appraisals are a standard part of the home buying process, usually required on a purchase and refinance transaction. This page will outline everything you need to know about the home appraisal process ranging from preparing befor...
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