Michele Lerner, contributor

Buying down your mortgage interest rate costs more upfront but generates long-term savings. Here's how to decide if it's a good option for you.

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

Compare 5/1 ARM rates vs. 15-year fixed rates. Find out which loan program, 5/1 ARM or 15-year FRM, is best in today's economy.

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

Here's how the 15-year refinance mortgage can get you a lower rate and shorten your your loan term, even when interest rates are rising.

The mortgage interest deduction is a tax break for those who itemize their deductions on a Schedule A. Here's how the mortgage interest deduction helps you.

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.

Fannie Mae and Freddie Mac are big players in the mortgage industry. Who are they and how do they affect what the mortgage rate you pay?

The USDA Mortgage is available to those who buy homes in designated rural areas. But what exactly is rural? You might be surprised.

An assumable home loan can help sell your home faster, or get you a better price. This is especially true in a rising rate environment.

Today's mortgage programs are empowering single parents to move from renting to buying. Here are time-tested and expert-advised methods to get into your own home.

Low refinance mortgage rates might make the best holiday gift -- for yourself. And the savings you get might cover your generosity to others during this time of year.