Anyone who’s ever thought about buying a home has heard the same financial advice: have a 20% down payment ready. That rule has been imprinted...
Keith Gumbinger
Articles by this author
Recasting a Mortgage: What Is It and Is It Worth It?
Refinancing isn’t the only way for homeowners to lower their monthly mortgage payments—a lesser-known strategy called mortgage recasting can accomplish that goal as well. But:...
What Is an Escrow Account?
A quick glance at your mortgage statement likely reveals that your monthly payment is divided among principal, interest and escrow. The terms principal and interest...
What Is a Guarantor? Who Can Be One and What Are the Risks
Steep real estate and car prices have made it especially difficult for many young adults to qualify for mortgages, car loans and even apartment rentals...
Should You Co-Sign on Your Child’s Mortgage?
Co-signing on a mortgage might seem like a way to help a family member buy a home in this difficult market. But many parents who...
