First things first, when you are beginning to look into getting a mortgage there are three terns you need to know. Down Payment- A down payment is a sum of money that you as the buyer will put down to ...

CHICAGO (CBS.MW) -- Mortgage rates have fallen to their lowest level in three years, propelling homeowners into the refinancing market at an accelerated pace. Refinancing activity jumped to just over ...

Thinking of buying your first home? Perhaps you’re a little intimated by the loan process. Here are some informative tidbits about home loans to help get the journey started. A conventional loan is ...

A good credit score. Check your score at the three major credit bureaus: Equifax, Experian and TransUnion. Lenders say 600 is the minimum while you’re in a good spot with a score of 740. A steady job, ...

Before refinancing, homeowners should consider the goal and cost of doing so. In light of the coronavirus, they should also inquire about any changes in the loan requirements as well as the effects of ...

These fast track home loans typically perform better and have fewer defaults than income-verified mortgages. That saves the lender money in collection costs and improves the value of the lender's ...

The Motley Fool has helped ordinary people become better investors for nearly two decades. This month, we're reaching out to millions of investors to help guide them in their quest toward financial ...

A home is one of your most valuable financial assets. A home loan helps in achieving this major aspiration. Choosing the right home loan and property is a vital part of this journey. But before you ...

A: A foreclosure occurs when the mortgage lender reclaims the title and rights to a house or property because the borrower is unable to pay the monthly mortgage obligation. The lender may sell the ...