If you take a full 30 years to pay off your mortgage, you will pay an enormous amount of interest. But you can shrink that interest expense by making extra payments. Here’s what you need...
If you take a full 30 years to pay off your mortgage, you will pay an enormous amount of interest. But you can shrink that interest expense by making extra payments. Here’s what you need...
Zombie apocalypse movies are terrifying, but here’s a real horror story: “zombie” mortgage debt that chases you into foreclosure. Don’t let your finances be devoured! What is a zombie mortgage? A zombie mortgage is a...
Your monthly mortgage statement shows that in addition to paying principal and interest, you are also funding your escrow account. What is the escrow account? How is the money in it used? Can it change...
Are you resigned to paying higher interest rates on a mortgage when shopping for a home in today’s market? You may not have to. You could buy a home with an assumable mortgage that was...
Today’s higher mortgage interest rates have many homeowners hesitant to sell their houses and buy new ones. But the skyrocketing home prices of recent years mean that many of those owners are sitting on substantial...
Today’s mortgage interest rates are a good bit higher than those of a few years ago, and that’s keeping many buyers on the sidelines, waiting for a better rate. Should you wait until interest rates...
Today’s higher interest rates are squeezing would-be home buyers. Less than three years ago, rates were below 4 percent. Now they are above seven, and monthly payments have soared. This has driven home sales down...
If you are a homeowner behind on your mortgage payments, you may be able to extend the term of your mortgage to 40 years under a federal program that began May 8, 2023. The Department...
In its battle to tamp down inflation, the Federal Reserve has increased the interest rates banks charge each other, which ripples through other lending markets, including mortgages. Further increases are possible. Are you helpless in...
Several types of insurance can come into play if you own a home. One of them is mortgage protection insurance. What does this insurance cover? Should you buy it? Here’s what you need to know....
