How to Apply For a Mortgage

A mortgage is a type of loan that is secured by real estate, such as a house or condo. This type of loan typically requires a down payment and is often used to buy or refinance a property. It can be a long-term debt, and it’s important to understand the terms of a mortgage before […]

Think You’re Cut Out for Doing Mortgage? Take This Quiz

A mortgage is a type of loan that allows you to buy or refinance a home. In exchange for a mortgage, you agree to pay back the money that you borrow, along with interest, over a fixed period of time. There are many types of mortgages, including government-backed loans and conventional loans. They come with […]

Why the Biggest “Myths” About Mortgage May Actually Be Right

A mortgage is a loan that allows you to purchase a home. These loans are available through banks, credit unions and online lenders. They are usually the largest chunk of debt that a household owns, and it’s important to get the best terms possible to make sure that you don’t end up paying more than […]

Getting a Mortgage

A mortgage is a type of loan that enables people to purchase property. Lenders provide money to buyers based on the value of the home, and the buyer agrees to repay it over a fixed term. This type of loan can be used to finance the purchase of residential, commercial and recreational properties. Getting a […]

How to Afford a Mortgage

A mortgage is a type of loan that allows you to purchase a home without having to pay all the money up front. The amount you borrow to buy the house, known as the “principal,” is combined with interest and other costs to make up your monthly mortgage payment. This payment also includes the costs […]

How to Outsmart Your Boss on Mortgage

A mortgage is a type of loan that helps you buy a home. Typically, you make monthly payments over a set number of years. These payments cover the principal (the money you owe to the lender), interest, taxes and insurance on your property. A payment can be a significant part of your income, so it’s […]

The Next Big Thing in Mortgage

A mortgage is a long-term debt that is secured by property. It’s used to purchase a home, and over time you’ll repay both the loan amount and interest charges on it. There are a few things you need to know about mortgages, so that you can make the right choice and ensure that your home […]

What the Heck Is Mortgage?

A mortgage is a loan from a bank, credit union or other financial institution that a buyer takes out to purchase a home. This type of loan is considered a good debt because it may lead to equity, value appreciation and other benefits over time. A loan typically has an interest rate and is scheduled […]

How Much Does a Mortgage Cost?

A mortgage is a loan that gives you the opportunity to purchase a home. When you take out a mortgage, you promise to pay back the money you borrow over a period of time, usually over a 30-year term, at an agreed-upon interest rate. How much a mortgage costs depends on several factors. The key […]

How to Explain Mortgage to a Five-Year-Old

A mortgage is a loan that you obtain from a lender to buy a home or to refinance an existing one. A mortgage gives you the right to borrow money against the value of the property and pay it back with interest over a specific period of time, usually 20 years or more. A typical […]