Interest-only mortgages let you pay just the accruing interest on your loan for an introductory period — but they come with high payments once that period ends. These loans mainly benefit those ...

A closed-end second mortgage is a type of home loan that allows homeowners to borrow against their home's equity while keeping their primary mortgage unchanged. This type of loan provides a lump-sum ...

Twice a week, our CEO and resident money guru Jean Chatzky tackles your burning questions in the HerMoney newsletter. We’ve pulled some of the best to feature on our website — and this one made the ...

How does refinancing a mortgage work? A mortgage refinance swaps out your old mortgage with a new one, including a fresh set of terms and interest rate. It may or may not come with financial benefits, ...

The best uses for this type of loan aren't short-term, optional purchases. They can help you reduce more costly debt or pay for an investment, but If you're using them for a shopping spree or vacation ...

Simply put, a mortgage is a loan from a lender to buy real estate - meaning land and anything permanently attached to it, including residential properties like homes and condos. When you take out a ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. There's a lesser-known reverse mortgage designed for specific, essential ...