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Home equity loan or HELOC vs. cash-out mortgage refinance
Bankrate via Yahoo Finance· 3 weeks agoKey takeaways Home equity loans, HELOCs, and cash-out refinancing are three popular ways to borrow...
15-year vs. 30-year mortgage: Which is right for you?
Bankrate via AOL· 4 months agoKey takeaways A 15-year mortgage means larger monthly payments, but a lower rate and substantial...
Fixed vs. adjustable-rate mortgage (ARM): What’s the difference?
Bankrate via AOL· 2 months agoPortions of this article were drafted using an in-house natural language generation platform. The...
10/1 or 10/6 ARM vs. 30-year fixed-rate mortgage
Bankrate via AOL· 4 months agoKey takeaways With a 10/1 or 10/6 ARM, you’ll have a fluctuating interest rate after a set introductory period, while with a 30-year fixed-rate mortgage,...
Loan Modification vs. Refinance: How to Determine Which Is Right For You
SmartAsset via Yahoo Finance· 1 year agoA low interest rate environment coupled with the effects of the volatile rate environment in recent...
Private mortgage insurance (PMI): What it is and how it works
Bankrate via AOL· 4 weeks agoKey takeaways Private mortgage insurance (PMI) is an extra monthly fee that you pay on a...
Mortgage recasting: What it is and how it works
Bankrate via AOL· 4 weeks agoKey takeaways Mortgage recasting allows you to pay a lump sum toward your mortgage in order to reduce your remaining monthly payments and interest. When...
Adjustable-rate mortgages: What they are and how they work
Bankrate via Yahoo Finance· 6 months agoKey takeaways Adjustable-rate mortgages (ARMs) come with an interest rate that changes at...
No-closing-cost mortgage: How it works and how to decide if it’s right for you
Bankrate via Yahoo Finance· 3 months agoKey takeaways Many lenders offer no-closing-cost mortgages, meaning you don’t need to pay the...
What is mortgage amortization?
Bankrate via AOL· 5 months agoKey takeaways Mortgage amortization refers to the split between how much of your loan payment goes toward principal vs. interest. At the beginning of...
