Say you obtain a 30-year interest-only loan for $350,000, with an initial rate of 6.5 percent and an interest-only term of seven years. During the interest-only period, you’d pay roughly $1,896 ...

Mortgage amortization describes the way you pay more interest toward the beginning of a mortgage. From there, monthly interest charges lessen as the principal is paid down. Credit Cards ...

The number one hurdle for most prospective home buyers is getting approved for a loan. But once that’s done, there are some simple things you can do own your home outright as quickly as possible.