Click Here
Mortgage Basics
A calculator a house and a $1 bill in the background
Mortgage Basics: Table of Contents

Chapter 1: Should you buy or rent?

There's no easy answer. Emotions, family and personal reasons all come into play in any home buying decision.

Chapter 2: How mortgages work

You can get a mortgage in many places, but they all share the same characteristics. We explain.

Chapter 3: Your mortgage payment

Your monthly payment is determined by the rate and the amount of the loan, but there's much more to it.

Chapter 4: Paperwork and fees

Prepare to gather a lot of paperwork, negotiate your loan terms and make sense of all the fees.

Chapter 5: Underwriting

You can help speed the verification of your information while the appraisal and inspection are done.

Chapter 6: Closing

The closing table is your last chance to alter the deal, and the last chance for someone to sneak something past you.

Chapter 7: Ownership, after closing

You have the keys, but you're not done. Your mortgage needs periodic maintenance, too.

Show Bankrate's community sharing policy
          Connect with us

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.


Poonkulali Thangavelu

Homeowership rate down for all groups

Even as the housing market continues to improve, there are still signs that it has not yet fully recovered. Among them: the homeownership rate for the first quarter of 2015 fell to 63.7 percent. When was the homeownership rate last lower than this? You would have to look back to 1986, that long-ago year when  ... Read more

Partner Center

Connect with us