When approved for a mortgage, you can choose your payment frequency. Options include monthly, semi-monthly, bi-weekly, accelerated bi-weekly, weekly, and accelerated weekly payments. Accelerated payments allow you to pay off your mortgage faster and save on interest. For example, accelerated bi-weekly payments result in one extra monthly payment per year, reducing the principal quicker. It's […]

A proposed 50-year mortgage would lower monthly payments but drastically increase total costs, potentially exceeding $1.3 million on a $400,000 loan. Such loans build equity slowly, increasing risks if home values drop. While intended to improve affordability, longer terms may boost demand and home prices without increasing supply. Most U.S. mortgages are 30-year loans, balancing […]

Thanksgiving is commonly known to commemorate the colonial Pilgrims’ harvest meal that they shared with Wampanoag Indians in 1621But it wasn’t a holiday until 1853 that Abraham Lincoln declared it a national holiday and kept Thanksgiving as the last Thursday in November.In many American households, the Thanksgiving celebration centers on cooking and sharing a bountiful […]

The Fed’s first 2025 rate cut pushed HELOCs to 7.88% and home equity loans to 8.19%. By year’s end, HELOCs may hit 7.3%, loans near 7.9%. Total Fed cuts from Sep 2024–Dec 2025 could reach 175 basis points, further lowering rates. Homeowner equity totals $17.5 trillion, about $307,000 per household. Home equity lending surged 16% […]

In 2025, top mortgage rates go to borrowers with credit scores above 740. Comparing multiple lenders can save over $20K on a $350K mortgage. A 20% down payment avoids PMI and unlocks the lowest available loan rates. Shorter 15–20 year loans offer lower interest rates and faster equity growth. Lock your rate wisely and avoid […]

Homeownership in 2025 reflects flexibility, innovation, and technology reshaping how Americans buy and finance homes. Rising costs and lifestyle shifts are driving demand for modular, prefab, and container-based housing solutions. Digital mortgage platforms now enable faster approvals and fairer credit access for diverse income earners. Shared equity, co-ownership, and fintech add-ons are bridging affordability gaps […]