A 15-year mortgage can save you a lot of money in interest costs, but your monthly payments will be a lot higher than a 30-year loan.So do you bite the bullet or not?.
With only one income, single people can have a hard time affording a home and the mortgage that goes with it.Single women, however, are making it happen much more often than single men.
PMI (private mortgage insurance) is an annoying expense but you can ask to cancel it once you reach 80 percent loan to value on your mortgage.But is doing so worth the bother, rather than waiting for it to be canceled automatically?.
Flipping homes by buying low, fixing them up and selling high is at its highest level since 2006, There's money to be made, even by newcomers,but here are some things to know before jumping in.
House hacking, where a house is divided into two or more residential units to generate rental income to defray the cost of a mortgage, is an increasingly popular way to make home ownership more affordable.Here are some of the things to keep in mind before trying it.
Having equity in your home can be a valuable source of needed cash.Whether you should use a home equity loan or a cash-out refinance to access that equity depends on a number of factors.
For eligible veterans and active duty servicemembers, VA loans offer no-down payment loans with mortgage rates that can be significantly lower than conventional home loans and accommodating credit standards as well.
Don't have a credit history? Believe it or not, there are loan programs out there that can allow people who've paid their bills on time but haven't established a conventional credit history to qualify for a mortgage.
Non-bank lenders have expanded to the point where they now account for half the mortgages originated in the United States, a trend that could make it easier for those with poor credit to get a home loan.
Subprime loans are coming back, but under a new name.Nonprime loans are replacing subprime mortgages as a new form of bad credit mortgages, but with some safeguards the old ones lacked.
You know that late payments will send your credit score plummeting.But do you know how far your score might fall? And do you know how long that missed payment will drag down your score?.