Mortgage lending has become a very complicated and confusing process, especially over the last several years. A good loan officer will make every attempt to ensure that their customer, the borrower, understands the details of the transaction. But does this always happen?

For many people, the mortgage/financial transaction is the most difficult part of the process, whether they're buying, selling, or both.

ARM? GPM? PITI? You'd have to be a cryptologist to figure out some of the terms buyers encounter during the homebuying process. With this glossary of homebuying terms at your side, you can rest easy that your new home won't get lost in translation.

Many consumers would not consider buying a new car or even a major appliance without a manufacturer's warranty. In the same way, more and more homeowners choose an extended warranty to provide additional coverage and the added security it provides for some of the higher-ticket items in a home.

Most of us know that it’s a good idea to shore up our credit a few months before starting to house hunt and that it is smart to use a professional agent and get pre-approved for a loan. But there are questions many homebuyers don’t think of asking, questions that often go unanswered during the exciting process of purchasing a new home. Here are a few of them.