Mortgages

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5 Surprising (and Useful!) Ways to Save for a Down Payment

One of the biggest misconceptions of homebuying? The 20% down payment. Here’s how to buy with a lot less down.

If You Refinance a Mortgage, When Will You Break Even?

It may be sooner than you think, depending on these factors...

How to Get a Reverse Mortgage

Reverse Mortgages aren't for anyone. Find out if they're right for you!

Turned Down for a Refinance? Don’t Take No for an Answer

When a lender says you don’t qualify for a mortgage refinance, you may be able to fix what’s wrong or find another lender willing to step up.

Cash-Out Refinance: How to Use One

This refinance method can help in the short-term, but be careful how you take advantage of it.

5 Facts About Working With a Mortgage Broker

The people you work with during your real estate transaction could have a big impact on the success or failure of that transaction.

What You Gain — And Lose — With a 15-Year Mortgage

Knowing where you want to be when your mortgage is paid off could be more important than the length of your term.

Self-Employed? 8 Keys to Getting Approved for a Mortgage and Buying a Home

It's great being your own boss. Not so great being your own accountant, banker and mortgage advisor as well.

Why Mortgage Rates Are Never What You Expect

Specific rates can depend on specific circumstances. Yours could have an impact on your mortgage rate.

Beyond FHA Loans: How to Buy a Home With a Low Down Payment

You can find a lot of help with your down payment. If you know where to look.

How to Get Preapproved for a Mortgage and Why It Matters

You know there’s plenty to do before you get to the really serious house hunting, but it’s hard to resist. Hang on, you’re almost there. You’ve got to have one thing in hand before the fun begins: your preapproval letter.

Do Online Lenders Offer Lower Mortgage Rates? It Depends

It’s convenient. Immediate. We’re programmed to believe it. But are online mortgage lenders consistently offering the lowest mortgage rates?

A Quarter of Homebuyers Unhappy With Their Mortgage Lender, Survey Finds

The survey found that borrowers who start looking for a mortgage before they go house hunting and those who shop multiple mortgage lenders for their home loan tend to be more satisfied. It also named the most-favored and most-improved lenders for customer satisfaction.

Trump Effect: Mortgage Rates Stay Above 4%

Mortgage rates crept up again today, with 30-year fixed loans settling in above the 4% mark for the third straight day on Wednesday, according to a NerdWallet survey of mortgage rates published by national lenders this morning.

How to Learn If You Have Enough Equity to Refinance

Just because you WANT to refinance doesn't mean you CAN. Don't get caught unaware.

Refinancing Your Mortgage to Pay Off Debt: Do It Right

How to have your cake and eat it, too!

Tips to Save Money by Refinancing Your Mortgage

A refinance could save you thousands. Just make sure you're doing it the right way.

Should I Pay Off My Mortgage?

Is it a good idea to pay off your house as soon as possible — or should you refinance your mortgage to take advantage of lower interest rates, reduce your monthly payment and use the extra money for other needs, such as contributing to retirement accounts?

Should You ‘Restart’ Your 30-Year Mortgage When You Refinance?

We asked Forrest Baumhover — a financial planner in Tampa, Florida, and a member of NerdWallet’s Ask an Advisor network — about the key factors homeowners should consider when deciding whether they should refinance.

Should You Refinance Your Mortgage If You're Near Retirement?

But what if you’re close to retirement — does refinancing carry any special risks? We asked financial advisor Laura Scharr-Bykowsky, a member of NerdWallet’s Ask an Advisor network, about the pros and cons of this strategy.

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