While renting comes with lower upfront costs than owing a mortgage, buying a home offers wealth-building opportunities and ...

Many experts recommend having the equivalent of six months’ worth of mortgage payments in a savings account, in addition ...

Making a larger down payment can get you a lower interest rate. Most — but not all — mortgage loans require a down payment, a ...

Freddie Mac’s rate for a 30-year fixed rate loan averaged 6.81% for the week ending June 18, a slight decrease from the ...

Many lenders look for a DTI of up to 43%. In fact, for a mortgage to be eligible to be guaranteed by Freddie Mac, Fannie Mae, FHA, the VA, or USDA, borrowers must have a monthly DTI of 43% or less.