Many homeowners use adjustable-rate mortgages to finance their homes. The advantage of ARMs is that their rates can be lower than you'd pay on fixed-rate mortgages. However, ARMs have a couple of ...

A down payment is the portion of a home’s purchase price the buyer isn’t financing with a mortgage. The amount is paid ...

A good starting point is to know how much house you can afford. A monthly mortgage payment weighs heavily on your budget. Factors such as a down payment amount, interest rates and other existing debt, ...

Whether you’re buying your first house or your forever home, understanding your monthly mortgage payment is vital before you close. It’s often the largest recurring expense in your budget, and knowing ...