In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest. Your principal loan balance won’t decrease at all during this first phase, ...

Your credit score shapes every aspect of your mortgage terms, from your interest rate to your total repayment amount. Lenders ...

Outside of lower Treasury rates, there are policies that can increase home affordability by reducing fees, increasing ...

Homebuyers have two costs to consider when planning a home purchase. The first is the purchase price, which they negotiate with the sellers. The second is the cost of financing the purchase, which is ...

How does refinancing a mortgage work? A mortgage refinance swaps out your old mortgage with a new one, including a fresh set of terms and interest rate. It may or may not come with financial benefits, ...

While our priority was lowering our interest rate, we also wanted to avoid high closing costs. Here's how we refinanced.

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.16%, according to the Mortgage Research Center. On a ...