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, ...

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: 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 ...