Fixed-Rate vs. Adjustable-Rate Mortgage Loans Along with other decisions you will find yourself making while shopping for a mortgage, you will be deciding whether to take a fixed-rate mortgage (FRM) or an adjustable rate mortgage (ARM). As the name implies, the interest-rate of an FRM will remain the... 

Refinancing Your Home As interest rates drop, many homeowners consider refinancing. And if you’ve inquired with a few lenders, you’ll probably start getting phone calls and e-mails daily about the proposition of doing so. There are several reasons people consider refinancing, one of which is to... 

Second Mortgage Loans vs. Home Equity Loans It’s not surprising that some homeowners confuse the terms “second mortgage” and “home equity loan.” After all, a second mortgage is a type of home equity loan. But more often than not, home equity loan is used to describe a home...