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Income requirements to qualify for a mortgage
Key takeaways There are no specific income requirements to qualify for a mortgage. To determine whether you'll qualify for the…
What is a 5/1 adjustable-rate mortgage (ARM)?
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them…
What is a 3/1 adjustable-rate mortgage (ARM)?
Paul Hamilton/Getty Images Key takeaways A 3/1 ARM is a type of adjustable-rate mortgage. The interest rate on this mortgage…
Pros and cons of a 15-year mortgage
Key takeaways Pros of a 15-year mortgage include paying less in interest over the life of the loan as a…
What income do I need to afford a $250K house?
If you’re in the market for a $250,000 home, your options may be limited — the national median home sale…
How much house can I afford with a $180K salary?
David Papazian/Getty Images Homeownership is likely well within your reach if you earn an annual salary of $180,000. The median…
Average monthly mortgage payment
Skyhobo/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Monthly mortgage payments include not just principal and interest but also…
Buying a house with cash vs. a mortgage
Key takeaways Paying for a house in cash can speed up the buying process, lower your long-term costs and give…
Lender credits: What are they and how do they work
Juanmonino/Getty Images: Illustration by Issiah Davis/Bankrate Our writers and editors used an in-house natural language generation platform to assist with…
What are commercial real estate or CRE loans?
Key takeaways Commercial real estate loans are used to purchase, construct, rehabilitate or refinance commercial properties, as opposed to residential…
