1. Figure out how much you can afford Since this is a six-figure purchase, you’re probably already wondering if it’s really within your financial reach. A calculator can help you determine how much house you can afford. If you have…
A 15-year fixed-rate mortgage is a home loan with a repayment term of 15 years. It offers borrowers the same (fixed) interest rate and monthly payments throughout the life of the loan. The long-term advantage of a 15-year fixed-rate mortgage…
Homeowners are snoozing and losing. Refinance applications have dropped, even while mortgage rates have plunged back to the lowest levels in at least half a century. Experts tell MoneyWise.com you're a good candidate for a refi if you have a 30-year…
