What to Know About Interest-Only Mortgages and Their Risks

Interest-only mortgages can be appealing for some homebuyers due to their lower initial payments. However, it's crucial to understand how th...

What Is a Mortgage Forbearance and When Might You Need It

Mortgage forbearance is a helpful option for homeowners who are facing financial difficulties and cannot make their mortgage payments. It al...

What Is a Jumbo Loan and When Might You Need One

A jumbo loan is a special type of mortgage designed for those who want to buy expensive homes that cost more than the usual loan limits set ...

What Is a Mortgage Contingency and How Does It Affect Your Purchase

A mortgage contingency is a crucial part of home buying that protects buyers from losing money if they can't get a loan. Understanding its r...

What Is a Balloon Mortgage and How Does It Work

A balloon mortgage is a special type of home loan that allows borrowers to make smaller payments for a set time, usually five to seven years...