Category:
Mortgage
If you have faithfully made monthly mortgage payments and (hopefully) seen the value of your home increase, you are building home equity, which can become a life raft for homeowners…
Across America, home values are on the rise again, surging with the economy. With that surge, homeowners eager to scratch a pent-up-demand itch once again are taking out HELOCs, or home…
Buying a house has never been cheap, but lately, it’s become more challenging for potential homebuyers to lock in an affordable place to call home. If you already own a…
It’s time to enlarge the kitchen, add that fourth bedroom before the new baby arrives, or book the summer beach house on the Outer Banks you’ve always dreamed about. It’s…
Adjustable Rate Mortgage – Universally known as ARMs – have cleaned up their image enough to once again be considered a useful product in the home-buying market. An adjustable rate…
Interest rates are going up, so it’s time to seriously consider refinancing your home loan. Or if you want to buy a house, it would be wise to seriously consider doing…
Reverse mortgages allow homeowners 62 and older to extract home equity without selling their houses. Reverse mortgage issuers pay cash to owners in lump sums or over time. You do…
Once you know what a HELOC — a home-equity line of credit — is and how you intend to use it, one key question remains: How do I get the…
[mlrates] What is a Mortgage Rate? A mortgage rate is the rate of interest charged on by a mortgage lender. Mortgage interest is included in a home loan’s monthly payment.…
Interest-only mortgages are structured in various ways, but they share a basic concept: Borrowers don’t pay down the principal on their loan for a period, usually 3-10 years. That means…