Discover the key differences between home equity loans and mortgages, including their purposes, stages of use, tax implications, and impact on your home equity.

A 30 year fixed mortgage is a type of mortgage loan that is repaid by the borrower making 360 equal monthly payments over a period of 30 years. Since the borrower's payments are 'fixed', the borrower ...

There are several types of mortgage refinance options, including rate-and-term and cash-out refinancing. The most common, rate-and-term, involves replacing your current mortgage with a new loan with a ...

Mortgage rates started to climb in late 2021. As a result, refinance activity decreased gradually and subsided altogether by 2023. During the initial quarter of 2023, the number of new loans initiated ...

Conventional mortgage loans usually require a credit score of 620 or higher and a stable income for qualification. Conventional mortgages make buying properties and getting out of monthly rent ...

If you make a down payment of less than 20% of the purchase price of your home, your lender may require you to pay private mortgage insurance (PMI). PMI is a type of mortgage insurance that borrowers ...

The spring selling season is almost here, and for homebuyers attending open homes, it’s best to go in pre-approved for a mortgage. And that means those applying for financing will need to be prepared ...