High interest rates are putting many homeowners in tough situations. Perhaps you took out a home equity loan as real estate prices rose, but now you're struggling to make repayments as your other ...

Mortgage Research Center. Rates averaged 5.28% for a 15-year financed mortgage and 5.94% for a 20-year financed mortgage.

Home equity is at historic highs. If you've faithfully paid your mortgage over the years, you've likely built up quite a bit of it yourself. According to the Federal Reserve, American homeowners are ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. You took out a home ...

Refinancing a home equity loan can lower monthly payments and lengthen or shorten your loan term. Drawbacks to refinancing a home equity loan include prepayment penalties and closing costs.

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Refinancing is the process of changing your home loan or mortgage to new terms, including the interest rate, the loan duration and the loan type. A home equity loan, often called a second mortgage, is ...

The rate on a 30-year fixed refinance increased to 6.21% today, according to the Mortgage Research Center. For 15-year fixed ...

Finding the right lender makes all the difference when you refinance a mortgage. We review the best mortgage refinance ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. Are you considering a ...

Joshua Rodriguez is a writer with a passion for helping people understand the impact of their financial decisions (good or bad). His articles on mortgages, home equity loans, credit cards, budgeting, ...

Hands exchanging keys with a model home attached - Kmpzzz/Shutterstock The average American mortgage is 30 years long, but most homeowners move or refinance long before that term is done. In some ...