Mortgages

Mortgages

Mortgage Lenders More Generous With Points

If you're in the market for a “jumbo” mortgage, paying discount points upfront could be a great deal.

Mortgages

Mortgage Loans Harder to Obtain

Mortgage rates are at record lows, but borrowers are increasingly likely to have mortgage applications denied as lenders fear defaults.

Mortgages

How to Decide Whether to Pay Off Your Mortgage Despite Low Rates

Mortgage rates are so low that home loans seem like bargains, but paying off your mortgage early often remains a savvy money move.

Mortgages

How to Get the Best Rates Now on Mortgages and Other Loans: Coronavirus Fallout Pushes Down Borrowing Costs

Amid the extreme turbulence in financial markets and in people’s everyday lives, the plunge in interest rates that has accompanied the coronavirus pandemic is providing some reli...

Mortgages

Have Mortgage Rates Dropped Enough for You to Refinance?

Here’s how to decide whether sunken mortgage rates make it worthwhile to refinance your home loan.

Mortgages

No-Fee Mortgages May Cost Extra

Some mortgage lenders offer $0 origination fees or speedy process, but the loan terms may not be the most attractive.

Mortgages

How Shared Appreciation Mortgages Help With Down Payment

What if you could take out a loan on your home and not pay it back until you sell your home? That’s what some finance companies have begun to offer.

Mortgages

Should You Consider an Adjustable-Rate Mortgage Now as Rates Rise?

Adjustable-rate mortgages are gaining popularity. But consider the hazards carefully before signing up for one.

Mortgages

How Retirees and Near-Retirees Can Overcome Hurdles to Get a Mortgage

Here’s what retirees and people nearing retirement need to know to not only get approved for a mortgage, but to get an attractive rate as well.

Mortgages

Choose the Right Mortgage Lender to Avoid Big Problems

More than one in five home-buyers regret their choice of mortgage lender. Many borrow from the first lender that offers…

Mortgages

Questions to Ask: When Shopping for a Mortgage

Applying for a mortgage has become a lot safer than it used to be thanks to consumer protections instituted after…

Reverse Mortgages

Questions to Ask When Shopping for a Reverse Mortgage

New federal regulations weeded out some of the shadier lenders in the reverse mortgage business—but it still pays to be…

Reverse Mortgages

Buy a Home with a Reverse Mortgage

For years, people age 62 or older who have paid off their mortgages have been able to use reverse mortgages…

Mortgages

Beware the New Adjustable-Rate Mortgages

Home buyers, watch out! Financial institutions are rolling out a new generation of hybrid adjustable-rate mortgages (ARMs) with very attractive…

Reverse Mortgages

Court Makes Reverse Mortgages Safer

No more foreclosure for widows and widowers whose spouses took out reverse mortgages (which allow home owners who are age…