Exclusive QA

A second mortgage is a loan against the equity in your home. Financial institutions will generally let you borrow up...

When you amortize a loan you basically pay off the principal by making regular installment payments. This typically takes place...

Also referred to as PMI, it is insurance you pay to protect the lender in case you default on the...

It is the cash value of your property over and above what is owed on it, including mortgages, liens, and...

The loan-to-value ratio, or LTV, is the loan amount expressed as a percent of either the purchase price or the...

The annual percentage rate, or APR, is an interest rate that differs from the loan rate. It is the actual...

It can be difficult to do after a bankruptcy, unless you are willing to pay very high interest rates and...

You most certainly can. During the most recent refinancing boom, for example, many homeowners refinanced their home loans two or...

Many people flock to refinance while mortgage interest rates are low, particularly when rates are about two percentage points below...

With a refinance, you pay off an old loan on your home and take out a new one, usually at...