The first step to buy a home is to get a mortgage lender’s preapproval for a loan. A preapproval is a written agreement that a lender is likely to finance your mortgage and shows sellers that you’re ...

A home loan EMI comprises of two parts – principal and interest. The principal amount of an EMI remains constant, but the interest is variable. Ever wonder why a change in the external benchmark say ...

Mortgage rates were mixed today, with most loan types seeing small decreases. According to Money’s daily survey, the 30-year fixed-rate loan averaged 6.356%, down just 0.005 percentage points.

When transferring the home loan, compute the amount that can be saved after calculating interest rate on the remainin balance for the remaining tenure.

When you get preapproved for a mortgage, you’ll learn how much you can borrow and at what rate. If the amount is too low, you might not be able to buy the home you want. To raise the loan preapproval ...