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 ...

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

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 ...

Our step-by-step guide details the mortgage application process, explaining what you do and what the lender does. Some or all of the mortgage lenders featured on our site are advertising partners of ...

Mortgage insurance is an insurance policy that protects the mortgage lender in case you are unable to pay back your mortgage. It’s typically required when borrowers make lower down payments. When ...