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If you're buying a home and plan to keep it indefinitely, you might prefer the predictability of a 30-year fixed-rate mortgage. But if you know you'll be selling and moving out in a few years, an ...
Home equity is the difference between your house's current market value and the balance on your mortgage. It's often represented as a percentage: If your home is worth $200,000 and your mortgage is ...
CNBC Select outlines how homeowners can increase their home equity by paying down their mortgage and making improvements on the property.