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40-year mortgage: a joke?
Borrowers may like lower payments, but a mortgage that lasts four decades isn't always best.
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1. Select a location:
State & City
ZIP code
State:
Select State
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
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City:
Select City
*Please select a city
Enter ZIP code:
*Please enter a valid 5 digit zip code
2. How much would you like to borrow?
Loan amount: $
*Please enter a valid loan amount
Percent down:
20%
5%
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Mortgage Basics
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mortgage
Down payment know-how
Traditionally, lenders have demanded 20 percent down. But today there are alternatives.
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By
Holden Lewis
Mortgage Matters Blog
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Jobs vanish; rates stuck
The June employment report reveals worse-than-expected job losses, but mortgage rates remain unmoved.
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Keep your home and love it
Here's how to realize less home can be more and that "there's no place like home."
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Mortgage LTV calculator
Not sure how your home's value stacks up against your mortgage loan? Try our new calculator.
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Mortgage News This Week
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Mortgage rates drop again
The 30-year fixed-rate mortgage fell to 5.7 percent, according to Bankrate's weekly survey.
Use broker for refinance
A mortgage broker can be a big help on a land refinance that includes a so-called "story loan."
2-mortgage dilemma
Homeowners dream of a new retirement home but fear the nightmare of holding two mortgages.
Foil mortgage-fix scams
Scammers use phony mortgage modifications to prey on homeowners. Here are four ways to foil scams.
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Mortgage rates drop again
The 30-year fixed-rate mortgage fell to 5.7 percent, according to Bankrate's weekly survey.
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30 yr fixed average
5.34%
Mortgages
This is the daily overnight average for a 30-year fixed mortgage.
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About this index
Mortgage Overnight Averages
Product
Rate
+/-
Last week
30 yr fixed
5.34%
5.51%
15 yr fixed
4.94%
4.92%
5/1 ARM
4.94%
4.84%
30 yr fixed refi
5.35%
5.54%
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By
Steve McLinden
Real Estate Adviser
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real estate
Agent commissions
When it comes to real estate agent commissions, you get what you pay for, says Real Estate Adviser.
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Mortgage Quick Links
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Dirt-cheap loans on new homes
Jobs vanish; rates stay stuck
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America's moving back downtown
Improve credit score before refinance
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