In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest. Your principal loan balance won’t decrease at all during this first phase, ...

From mortgage rates and auto loans to credit cards and savings accounts, here's a look at how the January Fed decision could ...

Your credit score shapes every aspect of your mortgage terms, from your interest rate to your total repayment amount. Lenders ...

Outside of lower Treasury rates, there are policies that can increase home affordability by reducing fees, increasing ...

What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their ...

How does refinancing a mortgage work? A mortgage refinance swaps out your old mortgage with a new one, including a fresh set of terms and interest rate. It may or may not come with financial benefits, ...

Homebuyers have two costs to consider when planning a home purchase. The first is the purchase price, which they negotiate with the sellers. The second is the cost of financing the purchase, which is ...

The current average mortgage rate on a 30-year fixed mortgage is 6.17% with an APR of 6.20%, according to the Mortgage ...