We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But a low interest rate isn't the only pro of using a home equity loan ...

The advantages of refinancing a mortgage can include lowering your interest rate, changing your loan term and unlocking some home equity. The disadvantages of refinancing include closing costs, ...

Refinancing your auto loan can save you money in interest and reduce your monthly payment, but there are risks, including becoming upside-down on your car loan Written By Written by Staff Loan Writer, ...

Personal loans can be mixed blessings. A personal loan can help you finance a large purchase or consolidate credit card debt into a single fixed monthly payment. But, as with any financial product, ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Because of the unique structure and terms of the loan, however, ...

One of the main advantages of a 30-year mortgage is that the monthly payments are generally lower than other mortgage options. For example, with a $300,000 principal loan balance and 6.15% interest ...

Interest-only mortgages allow borrowers to only pay for the interest that accrues on the loan for a specific period. These types of mortgages can be helpful, as the initial monthly payments are ...