Category:
Mortgage
[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…
To get a good deal on a refinance, consumers need to do their research, shop around for a lender and ask questions before committing to a new mortgage. Here are…
New government regulations and consumer protection laws force mortgage lenders to make a good-faith effort to be sure home buyers actually qualify for the home loan they’re seeking. That means…
What is a Reverse Mortgage? A reverse mortgage is a type of home loan that lets you convert a portion of the equity in your house into cash. With regular…
In truth, landing a mortgage with the best interest rate isn’t all that tricky and shouldn’t be scary. But it is complicated, painstaking, serious business. After all, closing on a…
So you’ve finally found the home of your dreams. It has everything you ever want, but the seller wants something from you: Proof your eyes aren’t bigger than your bank…