A 40-year mortgage offers additional flexibility in exchange for paying more in interest over the life of the loan and taking ...

Homeowners fear being laid off means they're moments away from losing their home. But the truth is, they have options—lots of options.

An initial mortgage forbearance period can last from three to six months. If you’re still struggling to make payments, you ...

A point is equal to 1% of your loan amount (i.e., one point on a $200,000 loan equals $2,000) and is an upfront payment to your lender, paid at closing. In exchange for each point paid, you’ll receive ...

Reverse borrowers can choose to receive monthly payments for life (or as long as they live in their home). And they're not ...

We cut through the myths and misconceptions surrounding home equity, explaining what homeowners often get wrong, and why.

When you get preapproved for a mortgage, you’ll learn how much you can borrow and at what rate. If the amount is too low, you ...

Your mortgage interest rate depends on a variety of factors, including the type of loan (fixed or adjustable) and the loan term (such as 30 years). Learn more.

USDA loans don't require private mortgage insurance, but borrowers do need to pay a guarantee fee, which is equal to 1% of the loan amount. There is also an annual fee equal to 0.35% of the loan ...

Today’s ARMs are much more regulated now than they were back in 2008. Here’s what to know about how they work — and when they can be a strategic way to navigate a complicated housing market.

As you make payments on your mortgage, your home equity — the amount of your house that you own outright — increases. If you take out a mortgage with 8% down, for example, you will start with ...

Forbes Advisor's Mortgage Calculator uses home price, down payment and other loan details to give you an estimate calculation on your monthly mortgage payments.