First things first, when you are beginning to look into getting a mortgage there are three terns you need to know. Down Payment- A down payment is a sum of money that you as the buyer will put down to ...

Before refinancing, homeowners should consider the goal and cost of doing so. In light of the coronavirus, they should also inquire about any changes in the loan requirements as well as the effects of ...

If you’re starting to think about buying your first place but don’t know the difference between home equity and Homer Simpson ...

Do you know what an FHA loan is? Why you should (or shouldn’t) pay for points when you take out a mortgage? What about the ins and outs of prequalification? What’s an ARM, and how it works? If you ...

To most home buyers a mortgage is as inevitable as death and taxes. Because most people do not have the ready cash to plunk down the full price of a home-be it a condominium, town house or ...

Buying a home is a substantial financial investment, especially since most home buyers need to take out a home mortgage that will take 15 to 30 years to pay off. However, it's also a significant ...

CHICAGO (CBS.MW) -- Mortgage rates have fallen to their lowest level in three years, propelling homeowners into the refinancing market at an accelerated pace. Refinancing activity jumped to just over ...