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Pros and cons of an adjustable-rate mortgage (ARM)
Bankrate via Yahoo Finance· 7 hours agoKey takeaways An adjustable-rate mortgage (ARM) is a mortgage with an initial fixed interest rate that resets at periodic intervals. ARMs tend to have...
Bankrate’s Interest Rate Forecast for 2024: Mortgages, credit cards and more will stay pricey, even...
Bankrate via AOL· 5 months agoThere’s a common saying about interest rates: They take the elevator down and the staircase back up....
Mortgage rate forecast April 2024: Fed’s uncertain timeline to keep rates at 7%
Bankrate via AOL· 2 months agoIt'll be difficult for mortgage rates to post a meaningful and sustained pullback from 7 percent...
Private mortgage insurance (PMI): What it is and how it works
Bankrate via AOL· 1 month agoKey takeaways Private mortgage insurance (PMI) is an extra monthly fee that you pay on a...
Mortgages for seniors: Getting a home loan in retirement
Bankrate via Yahoo Finance· 4 months agoWe often think of homebuyers as younger, but retirees and senior citizens have plenty of reasons to...
Mortgage points: What are they and how do they work?
Bankrate via AOL· 1 month agoKey takeaways Mortgage points are upfront fees you can pay your mortgage lender in exchange for a lower interest rate. Typically, one point costs 1...
Mortgage interest deduction: What it is and what qualifies
Bankrate via Yahoo Finance· 2 months agoKey takeaways The IRS may let you deduct interest paid on your mortgage on your federal income tax...
Best mortgage lenders for bad credit in 2024
Bankrate via Yahoo Finance· 5 months agoIf your credit needs work, that doesn’t necessarily mean you won’t qualify for a mortgage. Here’s our guide to the best mortgage lenders for bad-credit...
What income do I need to afford an $800K house?
Bankrate via Yahoo Finance· 8 months agoIn just about any market in the country, those who can afford a homebuying budget of $800,000 are likely to find many enticing possibilities. The...
How to get the best refinance rate on your mortgage
Bankrate via AOL· 2 months agoKey takeaways Refinancing your mortgage makes sense if you can reduce the interest rate by one-half to three-quarters of a percentage point. Improving...