Michele Lerner, contributor

The 15-year refinance mortgage can get you a lower rate and shorten your payoff. Even when interest rates are rising.

When mortgage rates are on the increase, should you choose a 5/1 ARM (adjustable rate mortgage) or a 15-year fixed-rate loan? Both have advantages and drawbacks you should consider.

Can you get a mortgage with a 640 credit score? Yes, if you follow these guidelines and choose the right mortgage lender.

You may be able to buy a home on $50,000 a year with today’s low interest rates and special mortgage programs.

Home affordability depends on your mortgage payment. Here are several ways to keep your mortgage payment as low as possible.

What is the debt-to-income ratio for FHA home loans? It’s pretty flexible, and higher than you’re likely to get with other programs without fantastic credit and a big down payment.

Homebuying tips: How to choose your next neighborhood. New and old school search methods to check out your next location.

USDA property eligibility depends on the location of your home. While you can’t live in the center of a major population center, can can live fairly near the big city and still qualify.

The mortgage interest deduction makes homeownership more affordable for those who itemize their deductions on a Schedule A. Here’s how the mortgage interest deduction helps you, and why it’s probably not going away any time soon.