Maria Patterson

The 15-year mortgage offers you a chance to save thousands of dollars over the life of the loan. This is...

Long-term, fixed-rate mortgages are preferred by most homebuyers because they offer security and stability. The interest rate does not fluctuate...

It depends who you negotiate with. Some lenders are willing to haggle on both the loan rate and the number...

A lease option is an agreement between a renter and a landlord in which the renter signs a lease with...

Also known as a purchase money mortgage, it is when the seller agrees to “lend” money to the buyer to...

It is a short-term bank loan of the equity in the home you are selling. You may take out a...

A reverse mortgage is an increasingly popular option for older Americans to convert home equity into cash. Money can then...

Also called an all-inclusive mortgage, it is where a new home loan is placed in a subordinate or secondary position...

Also called GEMs, these fixed-rate mortgages have monthly payments that increase in increments of 3 percent or more to reduce...

It is a mortgage in which the entire unpaid principal becomes due and payable on a given date, five, ten,...