How a 30-Year Mortgage Works?

Answer The 30-year mortgage is the workhorse of the home finance industry. News references to "mortgage interest rates" invariably refer to 30-year fixed mortgage rates. In addition, Adjustable Rate Mortg... Read More »

Top Q&A For: How a 30-Year Mortgage Works

Should I Get a 30-Year Fixed Rate Mortgage or a 20-Year?

Landscaping interests most homeowners, but not everyone has extra time to dedicate to finicky flowers and aggressive shrubs. If you want color in your yard throughout the year without dedicating ho... Read More »

You are on your Aunts title to her condo. She passed away last year-no assets. Mtg. has not been paid in over a year. Do I have any responsibility for the mortgage since I'm only on the title?

Your name on the title implies that you own the condominium. Unless during the probate of her estate, there was a different disposition of the property, you own it. Not only are you responsible for... Read More »

15-Year Vs. 30-Year Mortgage Rates?

Home buyers who need to get a mortgage face an important decision as to whether they want to pay off their new loan over 15 years or 30 years. The question of whether to get a 15-year loan or a 30-... Read More »

Refinancing: 30-Year Vs. 40-Year Mortgage?

When you refinance a mortgage loan, you may need to decide between a 30-year and a 40-year fixed rate loan. While these loans are similar, there are a few things that you need to consider before ch... Read More »