When it comes to refinancing your mortgage, you should start by reviewing all of the terms and conditions carefully. This will ensure that your new payments are lower than the ones you have now. Before you begin the process of refinancing, you should also take the time to shop around at various financial institutions. While community banks are...

A mortgage loan is a written contract between the buyer and the seller. The interest rate on the loan is expressed as a percentage, and you can pay as little as 0% down. Some lenders charge points to encourage borrowers to pay down more, and the lender will take this into account in calculating the interest rate. You will have...

A mortgage loan is a type of secured credit card, which allows you to buy a home. If you default on the loan, the lender can cash in on your home by foreclosing. It is often the most costly type of credit card, as monthly payments have a tacked-on interest rate. When you take out a mortgage, you have to...