Know mortgage basics before making the biggest financial commitment of your life. A mortgage is a loan used to purchase property in which that property also serves as collateral for the lender if the ...

Mortgages generally fall into two categories: fixed-rate deals (which guarantee your rate for a set number of years), and variable rate deals (where your rate can go up or down depending on economic ...

The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.

Recent changes have reshaped how this tax deduction works. So, we asked tax and financial experts to answer common questions ...

By buying down their rate, the net savings is almost $25,000. The best mortgage lenders will take time to explain your loan options and help you determine how many, if any, discount points you should ...

which “can be paid upfront or added to your mortgage but you’ll pay interest on it”, the paper explained. Some mortgages don’t have fees but may charge higher interest rates, so comparing ...