Can I use a cash-out refinance to buy a second home?

A collateral mortgage means your home secures the loan as collateral. If you miss payments, the lender may repossess the home or claim ownership of the property. Read more

Understand mortgage interest rates and how it affects your loan. Learn the difference between simple and compound interest, APR, and negative amortization. Read more

Between the mortgage, the down payment, the closing costs, the property insurance...it can add up quickly. Learn more and third-party fees.