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

Answer 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 »

Top Q&A For: Refinancing: 30-Year Vs. 40-Year Mortgage

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 »

How to Compare a 15-Year Mortgage With a 30-Year?

The two most commonly used mortgage term options are 15- and 30-year mortgages. When comparing the two, the most obvious difference is the monthly payment. The "sticker shock" of the 15-year paymen... 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 »