Mortgage learning and education center
Tips for smarter homebuying
Whether you’re buying your first home or getting back into the market, ensure you’re equipped to make confident decisions every step of the way.
Educational resources for homebuyers
Preparing to buy a home
Renting versus buying a home
While both renting and buying come with regular monthly payments, it’s important to know the breakdown of each, as well as any additional costs you may incur along the way.
Prequalification versus preapproval
A prequalification shows sellers you’re a serious buyer. Plus, you’ll get a better idea of your potential loan amount, interest rate, and monthly mortgage payment—all without impacting your credit score.
Mortgage basics
Components of a mortgage payment
If you’ve never owned a home, you may be surprised a mortgage payment has many components. Learn more about each component and how your monthly payments can change over time.
Understanding down payments
Thinking of buying a home? Don’t let down payment concerns discourage you. Learn more about down payment requirements, as well as Wells Fargo’s various down payment options.
Closing on your new home
Closing costs
Closing costs are up-front expenses required to complete your home purchase. They can be paid by the buyer, the seller, or the lender (or a combination of all three).
Preparing for your closing
Making an offer on a home is an exciting part of the homebuying process. Learn about the steps you should take to prepare for your closing day.
Managing your home and mortgage
Homeownership and taxes
Homeownership and taxes go hand in hand. Learn about the necessities of property taxes, as well as how owning a home can impact your yearly tax filings.
How to pay off your mortgage faster
Read about the various ways you can pay off your mortgage faster so you can pay less interest over time or potentially remove your private mortgage insurance (PMI) entirely.
Refinancing your home
Benefits of a mortgage refinance
Refinancing your mortgage may have several potential benefits: it could reduce your monthly principal and interest payment, or it could help you pay off your mortgage faster.
Understanding a cash-out refinance
A cash-out refinance lets you obtain a new home loan for more than you owe on your existing loan. You can use the monetary difference for things like home improvements, college tuition, and more.
Preparing to buy a home
Renting versus buying a home
While both renting and buying come with regular monthly payments, it’s important to know the breakdown of each, as well as any additional costs you may incur along the way.
Prequalification versus preapproval
A prequalification shows sellers you’re a serious buyer. Plus, you’ll get a better idea of your potential loan amount, interest rate, and monthly mortgage payment—all without impacting your credit score.
Mortgage basics
Components of a mortgage payment
If you’ve never owned a home, you may be surprised a mortgage payment has many components. Learn more about each component and how your monthly payments can change over time.
Understanding down payments
Thinking of buying a home? Don’t let down payment concerns discourage you. Learn more about down payment requirements, as well as Wells Fargo’s various down payment options.
Closing on your new home
Closing costs
Closing costs are up-front expenses required to complete your home purchase. They can be paid by the buyer, the seller, or the lender (or a combination of all three).
Preparing for your closing
Making an offer on a home is an exciting part of the homebuying process. Learn about the steps you should take to prepare for your closing day.
Managing your home and mortgage
Homeownership and taxes
Homeownership and taxes go hand in hand. Learn about the necessities of property taxes, as well as how owning a home can impact your yearly tax filings.
How to pay off your mortgage faster
Read about the various ways you can pay off your mortgage faster so you can pay less interest over time or potentially remove your private mortgage insurance (PMI) entirely.
Refinancing your home
Benefits of a mortgage refinance
Refinancing your mortgage may have several potential benefits: it could reduce your monthly principal and interest payment, or it could help you pay off your mortgage faster.
Understanding a cash-out refinance
A cash-out refinance lets you obtain a new home loan for more than you owe on your existing loan. You can use the monetary difference for things like home improvements, college tuition, and more.
Buying a home on a budget?
Access resources and learn about various low down payment options to make your dream of homeownership a reality.
Grow your knowledge with our mortgage tools
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