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Mortgage Basics  Understanding the fundamentals
Emotions, family and personal reasons all come into play in any home-buying decision.
 
   
Table of contents
Mortgages
 
Chapter 1: Should you buy or rent?
There's no easy answer. Emotions, family and personal reasons all come into play in any home-buying decision. Read on.
 
Chapter 2: How mortgages work
You can get a mortgage in many places, but they all share the same characteristics. We explain.Read on.
 
Chapter 3: Your mortgage payment
Your monthly payment is determined by the rate and the amount of the loan, but there's much more to it.Read on.
 
Chapter 4: Paperwork and fees
Prepare to gather a lot of paperwork, negotiate your loan terms and make sense of all the fees.Read on.
 
Chapter 5: Underwriting
The clock has starts ticking to closing day, but much remains to be done during those few weeks.Read on.
 
Chapter 6: Closing
It's your last chance to alter the deal, and the last chance for someone to sneak something past you. Read on.
 
Chapter 7: Ownership, after closing
You have the keys, but you're not done. Your mortgage needs periodic maintenance, too. Read on.
 

TABLE OF CONTENTS
 
 
 
 
 
 
 
 
Mortgages
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 6.14%
15 yr fixed mtg 5.67%
5/1 ARM 5.81%
Rates may include points
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