In the middle of the holiday season last year, my wife and I received a notice that gave us some sticker shock. The payment on our 30-year fixed-rate mortgage was increasing by $106 a month, jumping ...

When you finance your home with a mortgage, your lender will likely require you to maintain an escrow account. With this setup, a portion of your monthly mortgage payment is set aside to cover your ...

A mortgage accelerator helps you pay off your home loan sooner than scheduled. It works by applying payments in a way that ...

Monthly mortgage payments can increase even if your interest rate is fixed. If your mortgage payment includes homeowners insurance, property taxes, homeowners association dues or other homeownership ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...