Finance
Mortgages

Mortgages

Let us help you navigate all your homebuying options. From preapproval to refinancing, learn from real mortgage experts how to find a lender and get the best rate.

Getting Started

Check current mortgage rates

Calculate your mortgage

Compare types of home loans

Compare mortgage lenders

Explore refinance options

The basics

Mortgages 101

How to get a mortgage

Follow these 7 steps to financing a home

How are mortgage rates determined?

Personal and external factors affect your rate

What credit score is needed to buy a house?

Most loans require a 580 to 620 FICO score

How to get preapproved for a mortgage

Learn the 4 steps to get preapproved

How much should you put down on a house?

20% down is an outdated metric

How to refinance a mortgage

Learn the 8 steps to refinance a mortgage

Best of Mortgage

Find the right companies based on your needs

Best Mortgage Lenders

118 companies9/1/2023

Best mortgage lenders for first-time buyers

9/7/2023

Best Mortgage Refinance Companies

1/23/2023

Best FHA Loan Lenders

Best Jumbo Loan Lenders

5/26/2021

Best Reverse Mortgage Lenders

2/7/2023

Best bad credit home loans in 2023

7/20/2023

Best online mortgage lenders

9/7/2023

Best Home Equity Loan Lenders

2/16/2023

Best HELOC Lenders

39 companies7/24/2023

Our Latest Resources

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What is a land loan?

A land loan is used to purchase property you plan to build a home on. Learn about how they work, the types available and what to consider.

Jennifer Schurman11/8/2023

What does a title company do?

A title company confirms that a person has the legal right to sell a property. Learn what title companies do and how to choose one.

Taylor Sansano11/8/2023

10 VA loan benefits

Thinking about getting a mortgage through the U.S. Department of Veterans Affairs? Explore VA home loan benefits to find out if it’s really worth it.

Cepeda Cheeks11/8/2023

Most expensive cities in the U.S.

We ranked major U.S. cities using Census data on housing costs. See which cities grabbed the top and bottom spots and where your city is on our list.

Vincent Landino11/4/2023

Comparing the costs of generations

Our study explores how the average cost of living for a baby boomer in their twenties (in the 1970s) compares with that of twenty-somethings today.

ConsumerAffairs Research Team 11/4/2023

Current mortgage rates

Check and compare current mortgage rates and get the lowdown on terms and loan types. Plus, find answers to your mortgage questions.

Emily Moore10/31/2023

Mortgage Statistics

ConsumerAffairs evaluated the latest government data to provide an overview of the most current home purchase and mortgage statistics for the U.S.

Nyahne Bergeron10/24/2023

What is "house poor"?

Do you feel like you spend too much on homeownership? You’re not alone. Check out homeowner perspectives on housing expenses and affordability.

ConsumerAffairs Research Team 10/24/2023

How to refinance a VA loan (2023)

Can you refinance a VA loan? Yes! Learn how to get cash out or reduce interest rates with an IRRRL. Plus, eligibility requirements and costs.

Cepeda Cheeks10/19/2023

Advantages of a VA loan down payment (2023)

VA loans don’t require a down payment, but making one can save on interest. We break down the pros and cons to help you decide to pay or save.

Cepeda Cheeks10/18/2023

How to get a VA Certificate of Eligibility (2023)

Ready to apply for a VA home loan? Here’s what you need to do to get a Certificate of Eligibility from the Department of Veterans Affairs.

Cepeda Cheeks10/18/2023

Best HELOC Lenders

Interested in a home equity line of credit for additional financing? Use our guide to compare and find the best HELOC lenders for you.

Jennifer Schurman10/16/2023

How much are VA loan closing costs? (2023)

VA loan closing costs are typically 3% to 5% of the purchase price. Learn about appraisal fees, origination charges and other expenses.

Cepeda Cheeks10/13/2023

What is the VA funding fee? (2023)

The VA funding fee is between 1.4% and 3.6% of the total loan. The amount is calculated based on loan type, down payment and other factors.

Cepeda Cheeks10/13/2023

Best Mortgage Lenders

Looking for the best mortgage lender? Our top picks include New American Funding, Cardinal Financial, AmeriSave and Rocket. Compare rates and reviews.

Sara Coleman10/7/2023

What is a loan estimate?

Before you sign on the dotted line, review the estimate of your mortgage payments, taxes and insurance costs, as well as any associated loan costs.

Jacob Wade10/3/2023

Mortgage insurance: how it works, coverage and cost

Mortgage insurance protects lenders from losing money if a borrower defaults on a home loan. Learn when PMI is required and how much it costs.

Ashley Eneriz9/26/2023

How to choose a mortgage lender 2023

Steps to choose a lender, according to a loan officer: Consider mortgage options, get pre-qualified, compare offers and ask the right questions.

Ashley Eneriz9/20/2023

How to buy land

Buying land is more complicated than buying a home. You’ll want to consider things like zoning rules, access points and land-specific financing.

Jacob Wade9/20/2023

How to find a real estate agent

Learn how to compare real estate agents, what real estate agents actually do and what types of questions to ask if you’re buying or selling a home.

Jacob Wade9/20/2023

What is a contingent offer?

Contingencies can be built into your offer to buy a home, giving you flexibility and allowing you to back out of the purchase without losing money.

Jacob Wade9/20/2023

What is a conditional loan approval? (2023)

Conditional approval means you’re likely to be approved for a loan, as long as you meet certain criteria. Learn about how it works and the benefits.

Ashley Eneriz9/13/2023

What does a real estate attorney do? (2023)

A real estate attorney can help homebuyers through the closing process to make sure they understand the terms. Read more to find out if you need one.

Sara Coleman9/13/2023

What is a quitclaim deed?

A quitclaim deed is used when the owner of a property effectively “quits” their claim on the home. Learn why it’s done and what to watch out for.

Holly Johnson9/13/2023

What is a wraparound mortgage? (2023)

A wraparound mortgage is an alternative form of home financing that can help buyers with poor credit. Learn how it works and what to consider.

Sara Coleman9/12/2023

How to challenge a home appraisal

A low home appraisal can cause problems for both buyer and seller. However, you can dispute it by offering new or updated information. Here’s how.

Holly Johnson9/12/2023

How to buy a house in preforeclosure

Purchasing a home that’s in preforeclosure could mean paying less than market value — but there are pitfalls to watch out for with this type of sale.

Holly Johnson9/11/2023

What is preforeclosure?

If you have received a preforeclosure notice, here’s what you need to know and which foreclosure alternatives can save your house.

Ashley Eneriz9/11/2023

Construction loans: What they are and how they work

A construction loan can help you pay to build a new house or renovate an existing one. Read more about how they work and how to get one.

Ashley Eneriz9/8/2023

Best VA Loan Lenders

Interested in applying for a VA loan? Read our buyers guide, compare ratings and use consumer reviews to find the best VA loan lenders.

Sara Coleman9/7/2023

Best Jumbo Loan Lenders

Compare the best jumbo loan lenders to get the lowest rate. Learn about jumbo loan down payment options, interest rates, PMI and more. Top picks include ClearPath, Cardinal Financial and AmeriSave.

Emily Moore9/7/2023

Best Mortgage Refinance Companies

Want to refinance your mortgage? Compare our top 9 picks for 2021 based on verified reviews. Learn how to find the best mortgage refinance company for you.

Ashley Eneriz9/7/2023

Best mortgage lenders for first-time buyers

Buying your first home? Check out Rocket, Better, New American Funding and more of our top lender picks. Plus, get answers to mortgage questions.

Kathryn Parkman9/7/2023

Best Reverse Mortgage Lenders

Looking for the best reverse mortgage companies? Our top picks include FAR, AAG and Liberty Reverse, based on verified customer review data.

Ashley Eneriz9/7/2023

Best Home Equity Loan Lenders

Need a home equity loan? Use our guide to find the best home equity loan lenders, compare loan requirements and fees and read verified customer reviews.

Lee Huffman9/7/2023

Best USDA Lenders

Our picks for the top USDA lenders are Caliber Home Loans, New American Funding and AmeriSave Mortgage. Compare reviews and features to learn why.

Ashley Eneriz9/7/2023

Best cash-out refinance lenders

If you're interested in accessing your home equity with a cash-out refinance, we'll help you choose the best cash-out refi lender.

Lee Huffman9/7/2023

Best online mortgage lenders

Looking for an online mortgage lender? Check out our top picks to compare requirements and customer satisfaction. Find the best lender today.

Kathryn Parkman9/7/2023

Best FHA Loan Lenders

Need an FHA loan? Learn how to apply for an FHA loan. Compare the best FHA loan lenders. Top picks include AmeriSave, Homebridge and JG Wentworth.

Ashley Eneriz9/7/2023

Best bad credit home loans in 2023

You can buy a house with bad credit, but you’ll need to prove financial responsibility. These lenders can help if your credit is less than perfect.

Ashley Eneriz9/7/2023

What is a promissory note?

A promissory note is a document showing a borrower’s promise to repay a loan. Learn the differences between a mortgage and this type of document.

Ashley Eneriz9/7/2023

What is a down payment on a home? (2023)

A down payment is a cash payment you make upfront on a home in order to secure it and reduce your principal. Learn how it works and the pros and cons.

Ashley Eneriz9/6/2023

What is an HFA loan? (2023)

An HFA loan is designed for buyers with low to moderate incomes. Learn about how it works, the eligibility requirements and considerations.

Chris Butsch9/6/2023

What is owner financing and how does it work?

Learn the benefits and risks of owner financing, a real estate financing arrangement where the seller acts as the lender, to see if it's for you.

Ashley Eneriz9/6/2023

When is the best time to sell a house?

Spring and summer is when sales prices are generally higher and homes sell faster. Learn more about the best time to sell a house.

Holly Johnson9/6/2023

What is a selling agent?

A selling agent, also known as a buyer’s agent, helps you buy and find a home. They differ from listing agents, which help sellers list their home.

Holly Johnson9/6/2023

What is earnest money and how much do you need?

Earnest money, also called a “good-faith deposit,” is an upfront payment the buyer puts down before closing. It shows they’re serious about an offer.

Chris Butsch9/5/2023

What is a conventional mortgage?

A conventional mortgage is a loan that’s not backed by the government. These loans have more flexibility but stricter qualifying requirements.

Ashley Eneriz9/1/2023

What are closing costs? (2023)

Closing costs are lender processing, property and other fees paid to the lender when you close on a home. Learn how they work and how much they are.

Ashley Eneriz8/31/2023

What is an appraisal waiver? (2023)

An appraisal waiver can save a homebuyer time and money. Learn how skipping out on the appraisal works and what to consider if you waive it.

Ashley Eneriz8/31/2023

What are interest-only mortgages? (2023)

Interest-only mortgages are nonconforming loans that let the borrower pay only on interest for a few years. Learn how they work and the pros and cons.

Ashley Eneriz8/31/2023

What is the average down payment on a house?

Wondering what is a good down payment? It is likely less than you think. Here’s how much you really need to save and put down to buy a house.

Ashley Eneriz8/31/2023

How to buy a house

Looking to buy a house this year? ConsumerAffairs has 12 steps to help you land your dream home in 2021. See our guide for more information.

Sara Coleman8/30/2023

What is a balloon mortgage? (2023)

With a balloon mortgage, you make lower payments for a set period, then the remaining balance all at once. They’re risky, so here’s what to know.

Ashley Eneriz8/29/2023

Should you make biweekly mortgage payments? (2023)

Paying biweekly on your mortgage early on can shorten the repayment term on your home loan. Learn how this works and the pros and cons.

Sara Coleman8/28/2023

What credit score is needed to buy a house?

Understand the credit score requirements for buying a house and learn how your credit score impacts your ability to secure a mortgage.

Ashley Eneriz8/28/2023

What is equal-opportunity housing?

Learn how to identify real estate companies and landlords that are committed to fair housing practices and why it matters for your next home.

Ashley Eneriz8/28/2023

How much to offer on a house

Wondering if you should put in an offer over the list price? It may be necessary in a seller’s market, where the supply of available houses is low.

Ashley Eneriz8/25/2023

What is the average U.S. mortgage payment?

The average monthly mortgage payment for U.S. homeowners varies according to different factors. Learn more about what impacts monthly payments.

Gabriel Shabat8/25/2023

Warranty deed vs. quitclaim deed (2023)

Warranty deeds and quitclaim deeds are both deeds used to transfer ownership of property, but a warranty deed comes with certain legal guarantees.

Jennifer Schurman8/25/2023

How to buy a house with bad credit

Looking to buy a home with a bad credit loan? Read our guide to learn about mortgage options and find out which one is best for you.

Ashley Eneriz8/25/2023

What is mortgage recasting? (2023)

If you want to lower your monthly mortgage payment and save money on interest, a mortgage recast, or reamortization, may be right for you.

Ashley Eneriz8/24/2023

What is a bridge loan?

A bridge loan is a short-term loan that’s often used for real estate. Read more if you’re interested in this type of gap financing.

Chris Butsch8/24/2023

Cash-out refinance vs. home equity loan (2023)

Cash out-refinance and home equity loans have some similarities, but there are several key differences, including how they work and requirements.

Ashley Eneriz8/24/2023

Buyer's market vs. seller's market: What's the difference?

Supply and demand, local trends and other economic indicators determine whether you’re in a buyer’s or a seller’s market. Here's what to look for.

Ashley Eneriz8/24/2023

How long does underwriting take?

About to start the mortgage process? Here’s how long underwriting can take and what you need to know to close on your home faster.

Jennifer Schurman8/24/2023

How to get preapproved for a mortgage

Buying a home? Getting preapproved for a mortgage is the first step. Discover the benefits of preapproval and how it differs from pre-qualification.

Ashley Eneriz8/24/2023

What is a home equity sharing agreement?

A home equity agreement allows you to cash out some of the equity in your home in exchange for giving the lender an ownership stake in your property.

Ashley Eneriz8/24/2023

Closing costs: average cost + how to calculate

Average closing costs range from 2% to 5% of the purchase price. Use our guide to calculate closing costs and learn about closing fees.

Sara Coleman8/24/2023

ARM vs. fixed-rate mortgage (2023)

It’s important to know the differences between ARMs and fixed-rate mortgages so you choose the right loan for you. Each has benefits and drawbacks.

Ashley Eneriz8/24/2023

What does caveat emptor mean? (2023)

Caveat emptor is a Latin phrase meaning “let the buyer beware.” Learn what it has to do with a mortgage and what to look out for as you buy a home.

Ashley Eneriz8/23/2023

What is an origination fee?

Planning to buy a house? Learn what an origination fee on a mortgage is and how much it costs. Plus, find out about other closing expenses.

Jacob Wade8/11/2023

What is a subprime mortgage?

Subprime mortgages help those with lower credit scores purchase a home, but they have higher rates. Learn how they work and the different types.

Jacob Wade8/11/2023

Should you pay off your mortgage early?

Paying off your mortgage early can save you money on your loan. Learn how this process works and the pros and cons of early repayment.

Ashley Eneriz8/11/2023

What is amortization? (2023)

Mortgage amortization offers a payoff option with predictable, fixed monthly payments. Read about how it works and the pros and cons.

Ashley Eneriz8/11/2023

Buy, build or fix: What’s best for first-time homebuyers?

If you’re debating between buying, building or fixing up your first home, consider factors like your finances, time, patience and repair skills.

Dr. Megan Hanna8/10/2023

How to get a letter of employment for a mortgage

You must show proof of income to your lender to qualify for a home loan. Find out how to get a letter of employment and what to include.

Dr. Megan Hanna8/10/2023

Mortgagor vs. mortgagee (2023)

In the homebuying process, the mortgagee is the lender and the mortgagor is the borrower. Learn the duties and responsibilities of each.

Ashley Eneriz8/10/2023

What is Ginnie Mae?

Ginnie Mae is a government-owned company that makes it easier for lenders to give affordable home loans to underserved communities.

Ashley Eneriz8/10/2023

Pros and cons of an FHA Loan

Buying a house and need a mortgage? Learn about the pros and cons of an FHA loan to decide if it’s the right type of mortgage for you.

Cassidy Horton8/9/2023

Government home loans: Everything you need to know

Government-backed loans can make it easier to qualify for a mortgage and buy a home. Compare your options and see which is right for you.

Cassidy Horton8/9/2023

What is eminent domain?

Eminent domain is the power of a city, state or federal government to take ownership of your property for public use. Read about how it works.

Emily Moore8/9/2023

What is nonrecourse debt?

Nonrecourse debt is backed by collateral. If you default the lender can seize the collateral but can't go after other assets. Here's how it works.

Emily Moore8/9/2023

A guide to 3% down mortgages

If you can’t afford to put 20% down on your new home, you still have options. Learn about mortgages that only require a 3% down payment.

Dr. Megan Hanna8/8/2023

How long does it take to buy a house?

Wondering how long the homebuying process is? It often takes between 30 and 60 days. Check out our timeline to understand what you can expect.

Cassidy Horton8/8/2023

Home equity loan requirements

If you’re applying for a home equity loan, learn about the qualifications for credit history, loan-to-value ratio and debt-to-income ratio.

Ashley Eneriz8/7/2023

Does refinancing a mortgage hurt your credit? (2023)

Wondering if refinancing affects your credit? It can reduce your score temporarily, but you should be OK as long as you pay on time.

Ashley Eneriz8/4/2023

How to shop for and compare mortgage lenders

Not all mortgage lenders are created equal. Learn how to compare different lenders so you can get the best mortgage for buying your dream home.

Dr. Megan Hanna8/4/2023

What to expect from a home inspection

A home inspection is part of the mortgage process. Learn about average costs, what home inspectors look for and how to read a home inspection report.

Ashley Eneriz8/4/2023

Home inspection checklist for buyers (2023)

Curious about what you should know when getting a home inspection? Use our checklist to make sure you don't miss anything in the process.

Ashley Eneriz8/3/2023

What is a good debt-to-income ratio for a mortgage? (2023)

Debt-to-income ratio is the portion of your income that goes toward paying debts. DTI affects how much house you can afford. Learn how to calculate.

Ashley Eneriz8/2/2023

What is PITI?

PITI stands for principal, interest, taxes and insurance, all of which make up your mortgage payment. Learn why it’s important and how to calculate.

Sara Coleman8/1/2023

What is a mortgage? (And how it works)

A mortgage is the type of loan you need to purchase or refinance a house. Learn important mortgage terminology and what to expect from the process.

Ashley Eneriz8/1/2023

What is home equity?

If you know anything about mortgages, you’ve probably heard a lot of talk about building equity. Read more about what this means and its importance.

Jacob Wade7/28/2023

What is a VA loan

VA loans are 0%-down mortgages for military members. Read our guide to learn how they work, pros, cons and how they compare with other home loans.

Cepeda Cheeks7/28/2023

Using gift money for a down payment

If you’ve received gift money from a generous family member or friend to put toward your new home, here’s what you need to know before you buy.

Holly Johnson7/28/2023

Why you should not pay off your mortgage early

Before you make an extra house payment, know the potential drawbacks, including missed tax benefits, of paying off your mortgage early.

Ashley Eneriz7/27/2023

What is a commercial real estate loan?

If you’re a business owner, a commercial real estate loan can help you open or expand a storefront. Learn how they work and how to qualify.

Jacob Wade7/27/2023

How to qualify for a mortgage

Thinking about buying a house? Read our guide to learn what affects mortgage qualification and how to increase your chances of approval.

Jennifer Schurman7/27/2023

How does a mortgage work?

Read our guide to learn about how a mortgage works, what’s involved in the homebuying process and basic mortgage terms you should know.

Brandi Marcene7/27/2023

How much house can I afford?

Figure out how much house you can afford with a mortgage calculator and the 28/36 rule. Learn the factors that affect your mortgage eligibility.

Ashley Eneriz7/24/2023

What is a zero-down mortgage?

Want a zero-down mortgage? Learn more about how to buy a house with no money down and the pros and cons of financing 100% of your home purchase.

Lee Huffman7/24/2023

How the Federal Reserve affects mortgage rates

The Federal Reserve doesn’t set mortgage rates, but it does influence them. Learn how they’re connected and how to shop for the best rate.

Holly Johnson7/21/2023

How to prepare for a home appraisal for refinancing

A few home improvements can make a big difference when it comes to refinancing. Learn what appraisers are looking for and how to prepare.

Holly Johnson7/21/2023

How to avoid mortgage refinance scams

Mortgage scams are always changing, and predatory lenders and scammers have sneaky tactics. Learn how to protect yourself and your home.

Holly Johnson7/21/2023

How much does it cost to refinance? (2023)

Closing costs on a refi typically range from 2% to 6% of the purchase price. Use our guide to calculate your costs and learn about the fees.

Holly Johnson7/19/2023

When is the best time to buy a house? (2023)

The best time of year to buy a house depends on local market conditions, economic factors, seasonal trends and your own financial situation.

Holly Johnson7/19/2023

What is a listing agent?

Listing agents help sellers put their homes on the market. If you’re ready to sell, here’s how to find an agent to help you navigate the process.

Dr. Megan Hanna7/14/2023

What is a broker price opinion (BPO)?

When a broker estimates the value of a property that’s going on the market, that’s a BPO. Learn when you need one and how to order it.

Dr. Megan Hanna7/14/2023

How to buy a vacation home 2023

Dreaming of buying your own vacation home away from home? Here’s how to do it and what to consider, based on what you want to buy and where.

Dr. Megan Hanna7/14/2023

What is a home equity loan, and how does it work?

Are home equity loans a good idea? Learn how home equity loans work, the benefits and disadvantages, home equity loans vs line of credit...

Ashley Eneriz7/13/2023

How to use home equity

If your home is more valuable than what you owe, you could have a decent amount of home equity available for a variety of financing purposes.

Taylor Sansano7/13/2023

7 tips for buying a condo in 2023

Before you buy a condo, you’ll want to check the amenities, fees, rules and more. Learn what other tips to keep in mind as you shop for a condo.

Sara Coleman7/12/2023

What are mortgage points (and should you pay them)?

Mortgage points are fees paid to a lender to reduce the interest rate you pay on your home loan. But how much do they cost, and are they worth it?

Sara Coleman7/12/2023

What is a no-doc mortgage?

If you don’t earn typical income, mortgage qualifications can be challenging. Find out if a no-doc mortgage will help you buy a house.

Ashley Eneriz7/12/2023

Credit union vs. bank mortgage: how to choose

Deciding between a credit union or bank for your mortgage comes down to your personal preferences and needs. Here’s how to choose between the two.

Jacob Wade7/11/2023

What is collateral for a mortgage?

Lenders rely on collateral to make sure you repay your debt. With a mortgage, if you default, you could risk losing your home. Learn more.

Dr. Megan Hanna7/11/2023

How much do mortgage brokers make?

Mortgage brokers earn a commission of roughly 1% or 2% of the cost of the home loan. Learn how payment works and what’s required of brokers.

Dr. Megan Hanna7/11/2023

13 first-time homebuyer mistakes and how to avoid them

Look out for these common first-time homebuying mistakes to avoid extra stress, time delays and costly fees when you purchase a house.

Ashley Eneriz7/11/2023

Seller’s disclosure: what home sellers must reveal

Whether you are buying or selling, here is what sellers must reveal on a seller’s disclosure, from property history to neighborhood activity.

Ashley Eneriz7/11/2023

What is a wholesale mortgage lender?

A wholesale lender provides the financing for your mortgage, while your mortgage broker is the contact who oversees the borrowing process.

Sara Coleman7/11/2023

Mortgage closing costs vs. prepaids: what’s the difference?

Learn the difference between your mortgage closing costs and your mortgage prepaids. Know which are negotiable and which need to be planned.

Ashley Eneriz7/10/2023

What is a 1031 exchange?

With a 1031 exchange, you can avoid paying capital gains taxes on the sale of an investment property. Find out how it works and if you’re eligible.

Jacob Wade7/10/2023

How to write an offer letter to win a bidding war

A nicely written letter to the seller could help you score your dream home, but beware of violating equal housing laws. Learn more.

Jacob Wade7/10/2023

What are 40-year mortgages?

Getting a 40-year mortgage is rare, but possible. While this can lower your monthly payments, it may cost you more in the long run. Learn more.

Jacob Wade7/10/2023

Can I pay my mortgage with a credit card?

While it is possible to pay your mortgage with a credit card, the process can get complicated and there are financial risks to consider.

Sara Coleman7/10/2023

What are mortgage reserves?

A lender may require you to have assets in reserve that you can access if you can’t pay your mortgage. Learn what they can be and how it works.

Dr. Megan Hanna7/10/2023

How to get the best mortgage rate

Find out how to secure the best mortgage rate for your dream home, so you can maximize your savings and minimize your costs. Learn more.

Dr. Megan Hanna7/10/2023

What to know about buying a modular home

Buying a modular home can be a faster and more affordable alternative to buying a traditional custom-built home. Find out if it’s right for you.

Ashley Eneriz7/10/2023

How to lower your monthly mortgage payment

If you need a lower monthly mortgage payment, these strategies can help you cut your housing costs back or make the bill more manageable.

Ashley Eneriz7/10/2023

Understanding the USDA streamlined assist refinance

If you have a USDA loan and want to refinance to a lower interest rate and payments, the streamlined assist refinance can make that easier.

Dr. Megan Hanna7/10/2023

Bank statement loan: Who should get one?

If you’re a business owner or self-employed, it may be harder to qualify for a mortgage. Bank statement loans could be an option. Learn more.

Jacob Wade7/10/2023

When is my first mortgage payment due?

The due date for your first mortgage payment will depend on your closing date. Find out how to calculate it and what costs to expect on the bill.

Jacob Wade7/10/2023

Portfolio loan mortgages: what they are and how they work

If you can’t meet the requirements for a conforming mortgage, a portfolio loan may be an option. Here’s what you need to know before applying.

Jacob Wade7/10/2023

What you should know about mortgage programs for teachers

If you’re a teacher, there are special programs out there to help you secure a mortgage. Learn what they are, if you’re eligible and how to apply.

Dr. Megan Hanna7/10/2023

Can you transfer a mortgage to someone else?

If you have an assumable mortgage or are dealing with special circumstances, you may be able to transfer your mortgage to someone else. Here’s how.

Jacob Wade7/10/2023

How to refinance when you have a second mortgage

Refinancing is already complicated, but even more so with a second mortgage. If you’re considering refinancing one or both, here’s what to know.

Jacob Wade7/10/2023

How to minimize capital gains on real estate

Anytime you sell a property for more than you bought it for, it can be subject to capital gains tax. Here’s how to avoid or minimize this tax.

Ashley Eneriz7/10/2023

Divorce and your mortgage: here’s what to know

When your marriage ends, it can be tricky to figure out what to do with the family home. Here are the best options for your mortgage during divorce.

Ashley Eneriz7/10/2023

Proprietary reverse mortgage

A proprietary reverse mortgage is a type of loan that gives seniors access to higher amounts of their home equity. Learn more about how it works.

Emily Moore7/8/2023

Fastest-growing cities in the U.S.

Facts and statistics on the fastest-growing cities in the United States by population number growth and population percent growth.

Jon Bortin7/8/2023

Does mortgage preapproval affect your credit score?

Mortgage preapproval hurts your credit score temporarily, but it makes homebuying easier. Learn more about its impact and how long it lasts.

Holly Johnson7/8/2023

Buying a condo vs. a house

Is it better to buy a condo or a house? We compare the pros and cons of each option to help you determine which one is best for you.

Jennifer Schurman7/8/2023

What you should consider before buying an old house

harmed by an old house but aren’t sure if you should make an offer? Here’s what you need to know before calling an old house home.

Ashley Eneriz7/6/2023

What is negative equity?

Negative equity occurs when the value of real estate property falls below the outstanding balance on the mortgage used to purchase that property.

Holly Johnson7/6/2023

What is a fixed-rate mortgage?

A fixed-rate mortgage’s interest rate will never change. This certainty is popular among borrowers — see if it’s the right option for you.

Bradley Schnitzer7/6/2023

How to buy a second home

Getting a mortgage for a second property is different from getting a mortgage for your first property. Here’s what you need to know.

Holly Johnson7/6/2023

What home improvements are tax deductible?

Capital improvements are permanent structural changes to a property that enhance value, increase useful life or allow for a new use. Learn more.

Jessica Martel7/6/2023

Investment and rental property mortgage rates: 2023 guide

Rental property mortgage rates differ greatly from those for primary residences. Learn how to get the best interest rate for your rental property.

Lee Huffman7/6/2023

What does clear to close mean?

“Clear to close” means you have the lender’s approval to schedule a closing date. Learn more about how to get cleared to close and what happens after.

Ashley Eneriz7/6/2023

Loan modification vs. refinance: how to decide

Looking for ways to lower your mortgage payment? Learn about the differences between a loan modification and a refinance and which one might help you.

Dr. Megan Hanna7/6/2023

5 Ways to Determine House Value

Whether you’re a homeowner, buyer or seller, you need to know how much a home is worth. Here are different ways to determine a home’s value.

Dr. Megan Hanna7/6/2023

Reverse mortgage requirements

What are the requirements for a reverse mortgage? Learn about age limits, ownership criteria and mandatory financial counseling with ConsumerAffairs.

Emma Simon7/6/2023

How to get rid of PMI

Wondering how to get rid of PMI on your mortgage? Check out our timeline to understand what you can expect and when you can first request PMI removal.

Jennifer Schurman7/6/2023

What are seller concessions?

Seller concessions in a mortgage are incentives the seller uses to entice the buyer, like paying a portion of closing costs. Learn how they work.

Jennifer Schurman7/6/2023

What is a short sale, and should you buy a home through one?

In a short sale, a property is sold for less than the amount owed on the mortgage. Learn how it works and why you may want to take advantage of one.

Holly Johnson7/6/2023

First-time homebuyer benefits

Looking to buy your first home? Discover the benefits of being a first-time homebuyer, including down payment assistance and tax credits.

Ashley Eneriz7/6/2023

What is loan-to-value ratio?

When you apply for a loan, the lender weighs its risk by dividing the amount of the loan by the value of the asset. What’s this mean for a mortgage?

Sarah Goldy-Brown7/6/2023

Renting vs. buying a house

Is it better to rent or buy a home? We compare the pros and cons of each to help you determine if buying or renting is best for you.

Jennifer Schurman7/6/2023

Current VA mortgage rates

VA rates are typically lower than conventional loan rates. See today’s rates and learn how to get the best mortgage rates from lenders.

Brandi Marcene7/6/2023

How much should you put down on a house?

You may have heard that 20% is the ideal down payment amount, but that’s not always true. Here’s how down payments work and how much you should pay.

Kathryn Parkman7/6/2023

What is a HELOC, and how does it work?

If you’ve built up equity in your home, you might be able to cash in with a HELOC. Read about how it works to see if it’s right for you.

Jennifer Schurman7/5/2023

How to get a home equity loan with bad credit

To get a home equity loan with bad credit, you’ll need to jump through more qualifying hoops and pay a higher rate. Learn more here.

Lee Huffman7/5/2023

How does a cash-out refinance work?

Cash-out refinancing helps you leverage your home equity into cash. Learn more about the pros and cons by reading our article here.

Dr. Megan Hanna7/5/2023

What is a Closing Disclosure?

A Closing Disclosure is a document that outlines the finalized terms of your mortgage. Read our guide to see where it falls in the homebuying process.

Jennifer Schurman7/5/2023

How your debt-to-income ratio can affect your mortgage

Your debt-to-income ratio impacts the type of mortgage you qualify for — and whether you qualify at all. Learn what you can do about your DTI ratio.

Holly Johnson7/5/2023

Should I use a mortgage broker?

A mortgage broker could save you time, money and stress by finding you a deal, negotiating fees and keeping the loan process on track.

Holly Johnson7/5/2023

How to finance a mobile home

Mobile homes may be less expensive than traditional houses, but they're still investments. Learn how to finance a mobile home now.

Holly Johnson7/5/2023

FHA loans vs. USDA loans: 6 key differences

Eligibility requirements are the main distinction between FHA loans and USDA loans. Find out more about the key differences between these loan types.

Bradley Schnitzer7/5/2023

How to buy a duplex or a multi-family property

Getting a mortgage to buy a duplex or multi-unit home is possible for buyers who meet guidelines. Learn more about the financing options.

Gabriel Shabat7/5/2023

What is a no closing cost refinance?

A no-closing-cost refinance means you don't have to pay for closing costs upfront. Instead, you pay a higher rate or add to your balance.

Ashley Eneriz7/5/2023

Should you refinance your mortgage to pay off student loans?

One way to pay off student loans is by taking out a student loan cash-out refinance. This wraps your debt into your mortgage and can save you money.

ConsumerAffairs Research Team 7/5/2023

How to negotiate your mortgage closing costs

You can’t avoid home closing costs, but you can lower them. While certain closing costs are fixed, you can save on variable ones. Learn more.

Ashley Eneriz7/5/2023

Complete checklist of mortgage refinance requirements

Mortgage refinancing requirements range from having a low debt-to-income ratio to having enough equity in your home. Here’s what you need to know.

Lee Huffman7/5/2023

Building a house vs buying

You're ready for a new house. Should you buy it or build it? Here's how to evaluate the pros and cons of each as you plan your move.

Holly Johnson7/5/2023

How to negotiate after a home inspection

Check out these tips for negotiating after a home inspection to help you decide which concessions you should ask for from the seller.

Dr. Megan Hanna7/5/2023

How to buy a house with no money down

No-down-payment mortgages can be an appealing path to homeownership. Read the pros and cons, how to qualify and if they’re worth it.

Emily Moore7/5/2023

Conventional mortgage vs. FHA

Learn the differences between a conventional mortgage and an FHA when it comes to loan requirements, down payments and credit scores.

Ashley Eneriz7/5/2023

What is a mortgage loan modification?

A mortgage loan modification is a change to the original terms of your home loan. Read about how it works, how to get one and more.

Jennifer Schurman7/5/2023

Mortgage pre-qualification vs. preapproval

Wondering about the differences between mortgage pre-qualification and preapproval? Use our guide to understand how each process works.

Valerie Johnston7/5/2023

How to apply for a mortgage

When you apply for a mortgage, following the correct process matters. Here's how to prepare, what to do and what the lender does at each step.

Dr. Megan Hanna7/5/2023

What is an appraisal contingency?

An appraisal contingency protects a homebuyer if the house is worth less than expected. Learn how it works and read about other common contingencies.

Jennifer Schurman7/5/2023

Mortgage interest deduction

Mortgage interest deduction could cut your tax bill this year if you itemize and follow a few other rules. Here's what to know about it.

Lee Huffman7/5/2023

FHA loan requirements in 2023

Considering an FHA mortgage loan? See if you qualify by reviewing the FHA loan requirements for down payments, loan limits and credit scores.

Ashley Eneriz7/5/2023

How to get a mortgage

Want to buy a house? Here’s everything you need to know about how to get a mortgage, from the preapproval process to the closing details. Learn more.

Kathryn Parkman7/5/2023

How to buy a new-construction home

From finding a lender and getting preapproved to designing the home of your dreams, learn how to buy a new-construction home in five simple steps.

Jennifer Schurman7/5/2023

What is a second mortgage and how do you qualify for one?

A second mortgage is a loan taken out against the equity in your home. Learn more about how they work and how you qualify for one.

Sarah Harris7/5/2023

USDA eligibility maps: what they are and how to use them

USDA eligibility maps help homebuyers find properties that can be financed with a USDA loan. Learn more about the USDA loan map and how to use it.

Holly Johnson7/5/2023

How to save money for a house

Looking to buy a home but not sure where to start with a down payment? Read our guide for tips and advice to help save for a house.

Jennifer Schurman7/5/2023

Interest rate cap: what it means for ARMs

Interest rate caps are commonly used in adjustable-rate mortgage (ARM) loans. Learn more about how these caps work and what to look for.

Dr. Megan Hanna7/5/2023

What are mortgage-backed securities?

Mortgage-backed securities are investment bonds backed by home loans. Learn more about how they work, the types and considerations.

Jennifer Schurman7/5/2023

Fixed-rate HELOCs: a cross between HELOCs and home equity loans

Not sure whether you want a home equity loan or a home equity line of credit? A fixed-rate HELOC may offer the solution. Learn more now.

Lee Huffman7/4/2023

The tax benefits of owning a home: must-know deductions and secrets

Homeowners can use several tax breaks, including the home mortgage interest deduction, to lower their tax bills. Learn more with our guide.

Gabriel Shabat7/4/2023

FHA vs. VA loans

Should you take advantage of your VA benefit, or is the FHA home loan a better deal? Compare the two mortgage options side by side to decide.

Brandi Marcene7/4/2023

What is an assumable mortgage?

An assumable mortgage is one you can take over from the original borrower, keeping the rates and terms. Learn how it works, types and considerations.

Jennifer Schurman7/4/2023

What is a mortgage broker?

Mortgage brokers act as an intermediary between homebuyers and lenders. You can also choose to work directly with a lender. But which is best?

Emily Moore7/4/2023

What is a defeasance clause?

A defeasance clause states that a borrower becomes the owner of the property once they’ve finished paying off a mortgage. What does it mean for you?

Jennifer Schurman7/4/2023

Low home appraisal: why it happens and how it can affect your refinance

A low home appraisal could hurt your chances of qualifying for a refinance, so it’s important to know why it could happen and how to appeal one.

Lee Huffman7/4/2023

How interest rates affect buying power

Wondering how rising mortgage rates affect your loan? Even a 1% increase can limit what you can afford. Learn more about how rates work.

Emily Moore7/3/2023

What is a mortgage rate buydown?

A mortgage buydown can help you lower your interest rate, either temporarily or for the life of the loan. Find out if a buydown is right for you.

Jacob Wade6/30/2023

What is a conforming mortgage loan?

A conforming mortgage is the most common and meets the guidelines set by Fannie Mae and Freddie Mac. Learn what criteria you need to meet to qualify.

Jacob Wade6/30/2023

Conforming vs. nonconforming loan: What’s the difference?

Discover the key differences between conforming and nonconforming loans, so you can make an informed decision about your own mortgage.

Sara Coleman6/30/2023

Buying a house with cash: what to know before skipping the mortgage

If you have enough cash in your bank account to pay for your new home outright, should you? Learn the financial pros and cons of avoiding a mortgage.

Sara Coleman6/30/2023

What are the pros and cons of buying a bank-owned property?

You may be able to score a deal on a bank-owned property for your new home. But before you sign, make sure you know the risks that come with it.

Sara Coleman6/30/2023

How to stop foreclosure

If you’re behind on mortgage payments and the lender is about to take possession of your home, you still have options to stop the foreclosure process.

Sara Coleman6/30/2023

What is a mortgage statement?

Learn how to read your lender’s mortgage statement so that you can keep track of your payments, interest rate, fees and remaining balance.

Sara Coleman6/30/2023

How to get a mortgage after bankruptcy

Buying a house after bankruptcy is not impossible, but it does take some planning. Here’s what you need to know after a Chapter 7 or 13 bankruptcy.

Ashley Eneriz6/30/2023

How to flip a house

Buy low, sell high: Here’s what you need to know about how much it costs to flip a house and what you should be aware of every step of the way.

Ashley Eneriz6/30/2023

How to save for a down payment

Saving a down payment is the first step in your homebuying journey. Here’s how much you need to save and advice on how to save it.

Ashley Eneriz6/29/2023

What is an FHA loan? Your guide to FHA mortgages

FHA loans are insured by the government and have lower down payment requirements than conventional mortgages. Learn if you qualify and how to apply.

Ashley Eneriz6/29/2023

Pros and cons of reverse mortgages

A reverse mortgage is a type of loan that allows property owners 62 and older to convert real estate equity into spendable cash. Learn more.

Lee Huffman6/29/2023

How soon can you refinance a mortgage?

When you can refinance depends on the mortgage type. Learn about timelines for refinancing FHA, VA, USDA, jumbo and conventional home loans.

Diana Flowers6/28/2023

Is mortgage interest deductible?

Looking for a lower tax payment? If you’re paying interest on a home loan, learn more here about mortgage interest deductions and how they work.

Jennifer Schurman6/28/2023

How do you pay back a reverse mortgage?

There are several ways to pay back a reverse mortgage. While selling the home is fairly common, you also have other options to explore.

Ashley Eneriz6/28/2023

What is a jumbo loan and am I eligible?

Jumbo loans are mortgages that exceed the conforming loan limit. Learn how jumbo loans work, if your eligible and how they compare to other loans.

Cassidy Horton6/27/2023

Reverse mortgage scams

Learn about four types of reverse mortgage scams and how to avoid them with ConsumerAffairs. Plus, find out where you can get legitimate information.

Leorah Gavidor6/26/2023

What is a piggyback loan?

A piggyback loan is a small home equity loan you can take out alongside your mortgage. Learn how it works, the types available and what to consider.

Holly Johnson6/26/2023

Letter of explanation for mortgage: how to write one

Your lender may ask for a letter of explanation to clarify details in your mortgage application. Learn the steps involved to write one.

Holly Johnson6/26/2023

What is title insurance?

Here’s what you need to know about what title insurance is, what it covers and why you need title insurance on every new property you purchase.

Ashley Eneriz6/24/2023

What is a gift letter for a mortgage?

If you’ve received a gift of money for your down payment, you must disclose the source of the funds to your lender. Here’s how to do it correctly.

Sara Coleman6/24/2023

Can you get a mortgage with student loans?

While it may be harder to qualify for a mortgage with student debt, it can be done. Find out what’s required and how to get approved.

Sara Coleman6/24/2023

What is mortgage protection insurance?

Mortgage protection insurance pays off your mortgage balance in the event of death, but is it the best solution for your loved ones?

Sara Coleman6/24/2023

Rent-to-own homes: how the process works

For those that don’t qualify for traditional lending, rent-to-own home options allow buyers to build up a down payment through the lease period.

Ashley Eneriz6/24/2023

Mortgage Rate Lock: How and When to Lock in Your Mortgage Rate

If you’re buying a home, our comprehensive guide will help you understand what a mortgage rate lock is, how it works and the fees associated with it.

Dr. Megan Hanna6/20/2023

Energy-efficient mortgage: what it is and how to get one

An energy-efficient mortgage can help you pay for a home that’s already eco-friendly or finance new green improvements. Learn about programs here.

Holly Johnson6/15/2023

How are mortgage rates determined? (2023)

Wondering what determines mortgage interest rates? Check out our guide to learn how market factors and personal finances influence your rate.

Holly Johnson6/14/2023

Underwater mortgage: know your options

Explore the options available to you if you have an upside-down or underwater mortgage, and owe more than what your home is now worth.

Sara Coleman6/9/2023

9 mortgage questions to ask your lender

Don’t go into your mortgage process without asking your lender these important questions first to help determine if it’s right for you.

Ashley Eneriz6/9/2023

FHA closing costs: what to know

FHA closing costs are unavoidable and can add thousands to your loan. Here’s how much to expect to pay and how to reduce your costs and fees.

Ashley Eneriz6/1/2023

Buying second homes first

We explore how many first-time homebuyers are buying homes in less competitive secondary locations rather than investing in a primary residence.

ConsumerAffairs Research Team 6/1/2023

Waiting on a housing market crash?

With the threat of recession, experts predict the housing market will cool. What does this mean for buyers and owners, and how are they preparing?

ConsumerAffairs Research Team 6/1/2023

Do women have to work harder for a home?

We explored how long women need to save to afford a home in their state — and how much longer than men it takes them to reach homeownership.

ConsumerAffairs Research Team 6/1/2023

Is buying a house a good investment?

Is buying a house a good investment? Buying a house can be a good investment. Before you buy, consider the pros and cons of homeownership.

Ashley Eneriz6/1/2023

Contingent vs pending: What’s the difference?

Homebuyers sometimes confuse contingent and pending. Learn the difference between pending and contingent and what the two terms mean for homebuying.

Holly Johnson5/30/2023

Types of mortgage loans

Which mortgage is right for you? Learn about the different types of home loans and how to choose a mortgage that will fit your needs.

Ashley Eneriz5/25/2023

Homebuying checklist

From setting a budget to closing, use our checklist to make buying a home a breeze. Learn more about the steps you should take when house-hunting.

Ashley Eneriz5/22/2023

What is a guaranteed loan?

A guaranteed loan is a mortgage option for borrowers with poor or no credit history. Learn how they work, the types and considerations.

Dr. Megan Hanna5/20/2023

What is an FHA streamline refinance? (2023)

An FHA streamline loan is a simplified way to refinance. Learn more about the guidelines, pros and cons and more to see if it's right for you.

Holly Johnson5/20/2023

What is mortgage underwriting?

Mortgage underwriting is the process of reviewing a potential homebuyer’s finances. Read our guide to understand the process and timeline.

Holly Johnson5/18/2023

What is a condo mortgage, and how does it work?

Getting a condo mortgage requires additional steps in underwriting, and some loan programs have specific rules. Read more about condo mortgages here.

Holly Johnson5/18/2023

What is a USDA loan, and am I eligible?

How do USDA loan programs work? Read about USDA’s eligibility requirements and compare the pros and cons of USDA loans before you apply.

Ashley Eneriz5/15/2023

VA loan credit score requirements in 2023

VA home loans are an affordable mortgage option for qualifying service members. Understand how your credit score affects your VA loan options.

Ashley Eneriz5/8/2023

What is escrow?

Learn what escrow is and how it works before you start shopping for your new home. Escrows protect your money during the homebuying process.

Ashley Eneriz5/5/2023

6 reverse mortgage alternatives

If you’re considering a reverse mortgage, explore alternatives, such as renting the property or getting a HELOC, before making a decision.

Ashley Eneriz5/3/2023

Can you refinance a reverse mortgage?

Yes, you can refinance a reverse mortgage. Read about reverse mortgage refinance benefits to find out if it’s right for you on ConsumerAffairs.

Leorah Gavidor5/3/2023

What is a warranty deed?

Learn about warranty deeds, the legal documents that ensure a property's transfer of ownership is valid, with no liens or encumbrances present.

Ashley Eneriz4/13/2023

First-time homebuyer loans and programs

These first-time homebuyer programs make buying a home a reality with special financing and assistance and flexible lending requirements.

Ashley Eneriz4/13/2023

FHA loan limits in 2023

When you apply for a mortgage backed by the Federal Housing Agency, FHA loan limits place a cap on the amount you can borrow. Learn more.

Dr. Megan Hanna2/10/2023

How to find the history of a property

Does something seem off about a home you are interested in buying? Here are a few easy ways to ensure a house isn't keeping secrets from you.

Gabriel Shabat2/3/2023

What is property tax? Everything homebuyers need to know

Learn the basics of property taxes, including how to pay them, what happens if you can't afford them and who's eligible for exemption.

Holly Johnson2/3/2023

What is a title search?

A title search is a thorough review of documents related to a property’s ownership. Read our guide to see how it fits in the homebuying process.

Jennifer Schurman1/27/2023

What does a mortgage loan originator do?

A mortgage loan originator is the entity that distributes your initial home loan funds. Learn more about an MLO’s function and fees.

Jennifer Schurman1/27/2023

What are real estate comps?

Real estate comps are recently sold homes that are comparable to a home on the market. Learn how they’re used and how to find them.

Jennifer Schurman1/27/2023

Mortgage vs. deed of trust

The number of parties involved is one of the main differences between a mortgage and a deed of trust. Find out the other key differences.

Bradley Schnitzer1/27/2023

How to buy a house that’s for sale by owner

Interested in buying a FSBO house? From preapproval to closing, we’ve got tips on how to buy a home for sale by owner in five simple steps.

Brandi Marcene1/27/2023

What is a mortgage lien?

A mortgage lien is a creditor’s legal claim on a property. Learn about voluntary and involuntary mortgage liens and how they work.

Bradley Schnitzer1/27/2023

How often can you refinance your home?

Looking to refinance your home but not sure how often it’s possible? Learn about refinance waiting periods and more with ConsumerAffairs.

Bradley Schnitzer1/27/2023

20-year vs. 30-year mortgage: Which is best for you?

Not sure whether to get a 20-year or 30-year mortgage? Use our guide to understand the pros and cons of both mortgage term lengths.

Bradley Schnitzer1/27/2023

VA loan requirements

VA loans help veterans and active-duty service members purchase homes with 0% down. Find out if you qualify and start the homebuying process today.

Jessica Render1/26/2023

Mortgage broker vs. lender

A mortgage broker is an intermediary who can help you choose the best loan for you. Should you work with a broker or a direct lender?

Valerie Johnston1/26/2023

Mortgage lender vs. bank

Both mortgage lenders and banks can lend money for a home, but lenders usually offer more options, and banks often have stricter credit requirements.

Valerie Johnston1/26/2023

Current 10-year mortgage rates

The current 10-year mortgage rates listed here depend on elements like your credit score and the type of property you want to buy.

Josh Richner1/26/2023

How to get down payment assistance

Get help with your down payment with a down payment assistance program. Learn more about what they are, how they work and how to apply.

Kathryn Parkman1/26/2023

What is a home appraisal and how do they work?

Home appraisals determine the value of a property and are used in homebuying and refinancing. Learn more about what you can expect from an appraisal.

Emily Moore1/26/2023

What is an adjustable-rate mortgage and how do they work?

Adjustable-rate mortgages come with variable interest rates that tend to start low but change over time. How do they work, and when are they worth it?

Emily Moore1/26/2023

Mortgage APR vs. interest rate

Your home loan APR includes more than just an interest rate. Learn more about mortgage rates and how to compare rates and lenders.

Diana Flowers1/26/2023

What is mortgage forbearance?

Forbearance is an option to consider if you need mortgage relief. Read more about how this payment pause works and the pros and cons.

Jennifer Schurman1/26/2023

15-year vs. 30-year mortgage

A 15-year mortgage is a good alternative to a 30-year mortgage if you want to pay your home loan off faster. Learn more with ConsumerAffairs.

Josh Richner1/26/2023

How to sell and buy a house at the same time

Should you buy or sell first? What’s a contingent offer? Get these answers and more in our guide to buying and selling at the same time.

Rosemary Avance, Ph.D.1/26/2023

Types of mortgage rates

Want to understand the types of mortgage rates available? Find more about mortgage rate types and discover important things you should know.

Danni White1/26/2023

What is a blanket mortgage?

A blanket mortgage is a type of financing that can help you efficiently procure a loan for multiple properties. Learn about these loans here.

Brandi Marcene1/26/2023

Refinance rates today

Is it a good time to refinance? Compare current refinance rates and learn more about how refinance rates work to decide if you’re ready.

Emily Moore1/26/2023

How a no-closing-cost refinance works

No-closing cost refinances are available, but are they worth it? Read our guide to no-cost refinances to decide which refinance is right for you.

Bradley Schnitzer1/26/2023

What is a prepayment penalty?

What is a prepayment penalty, and what can you do to avoid it? Learn how to pay off your mortgage early without triggering the prepayment penalty fee.

Holly Johnson1/23/2023

Pros and cons of paying off your mortgage before retirement

Paying off your mortgage before retirement comes with a number of financial benefits. Read more to find out if it’s the right move for you.

Gabriel Shabat1/23/2023

What is a digital mortgage process?

Applying for a mortgage can be done online or in person. Learn about the digital mortgage process and how it can save you time and money.

Holly Johnson1/23/2023

Current 15-year mortgage rates

Check out the current rates for 15-year mortgages. Depending on your situation, loan type and lender, your home loan rates may differ.

Jennifer Schurman1/23/2023

VA Loan Limits for 2022

Starting in 2020, the VA loan limit has been eliminated for most qualifying veterans. Read on for exceptions and to find out if you qualify.

Trina Thomas1/19/2023

Reverse mortgage vs. home equity loan vs. HELOC

If you are looking to turn your home equity into cash you can use, consider whether a reverse mortgage, HELOC or home equity loan is right for you.

Ashley Eneriz12/22/2022

FannieMae RefiNow Program: A Refinancing Option for Seniors

Whether you have low income, poor credit, or little equity, there are plenty of options for you to refinance your mortgage as a senior. Find out more.

ConsumerAffairs Research Team 12/12/2022

How to refinance a mortgage

Refinancing your mortgage is a way to lower your payments or cash in on the home equity you’ve built up. Here’s how to refinance in eight steps.

Kathryn Parkman4/14/2022

What is a reverse mortgage, and how does it work?

A reverse mortgage can help you tap into your home’s equity, but is it worth it? Find out how it works and see the pros and cons with ConsumerAffairs.

Taylor Sansano4/1/2022

Cash-out refinance: how it works + pros and cons

There are many reasons to consider tapping into home equity through a cash-out refinance. Weigh the pros and cons to decide if it’s right for you.

Kathryn Parkman1/27/2022

How to consolidate debt with mortgage refinance

With a cash-out refinance, you use home equity to pay off other debts — but should you? We look at pros, cons and the true cost of refinancing.

Bradley Schnitzer1/19/2022

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Mortgage Local Recommendations

Mortgage lenders in your city can help you with the ins and outs of the local market. We looked at our favorite companies across the U.S. to help you find a mortgage lender near you.

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