If you have a child in their late 20s who owns a home and lost their job, for example, and you need to pay their mortgage for two months while they find work, so be it.

For the examples outlined below, we'll assume a 20% down payment, which amounts to $200,000 on a $1 million home. That means you are borrowing $800,000 in total with a mortgage.

The average interest rate for a conventional 30-year fixed-rate mortgage now hovers around 8%, its highest level since 2000. Homeowners struggling to make their monthly loan payments have several ...

Money moves in your 30s: Is it better to max out your retirement accounts, contribute to your kids’ 529 plan or make extra mortgage payments? Here’s what you need to consider ...

While fixed-rate loans are generally a safer option, an ARM may be worth considering if you plan to sell your home before the ...