If you're a homeowner with a jumbo mortgage--one with a loan balance too large to be a conforming mortgage--you might have felt left out...Read More >>
When refinance mortgage rates drop, homeowners who lower their monthly payments free up cash that can be spent elsewhere in the economy... Read More >>
To prepay or not to prepay your mortgage? In one corner are the folks who tout the relief offered by unloading your biggest... Read More >>
In today's struggling housing market, mortgage lenders and mortgage insurers often tack on extra fees or require a higher down payment... Read More >>
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Refinancing a mortgage is when a homeowner takes out a new mortgage to pay off an existing mortgage.
A home equity loan allows a homeowner to borrow money using their property as security.
Unsecured debt may be an expensive way to finance purchases--because the lender has no collateral, interest rates can be high, in some cases over 25%.
A second mortgage, by definition, is any loan that creates a second lien on a homeowner's property.
Home improvement loans can take several forms, each ideally suited to different borrowers' lifestyle and financial plans.
Adjustable rate mortgages (ARMs), move with prevailing financial market conditions, with interest rates that reset or "adjust" periodically over the life of the loan.
A new home loan is the first loan the buyer takes out to pay for a new property, not just the mortgage a first-time home buyer takes out.
A reverse mortgage (also called a home equity conversion mortgage) is an arrangement in which homeowners cash in their home equity and receive a lump sum or series of payments from the lender.
