6 ways to make getting a mortgage easier

Daniel B. Kline •
The Motley Fool
Wood house model and saving account book or financial statement on desk table

For many people, the most daunting part of the homebuying process isn’t finding the right house. It’s getting a mortgage. It’s easy to understand why that’s the case. Asking a bank or other financial institution to lend you hundreds of thousands of dollars isn’t something most people do very often. In fact, for many Americans,

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3 common mortgage myths, debunked

Matthew Frankel •
The Motley Fool
Key and house

Ninety-three percent of American adults believe that owning a home is part of the American dream, and 81 percent believe that owning a home increases financial stability, according to a recent survey by NeighborWorks America. Unfortunately, many Americans have misconceptions about what is necessary to be able to purchase a home. With that in mind,

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Is an interest-only mortgage ever a good idea?

Wendy Connick •
The Motley Fool
Vintage window on old brick wall of European style house. Antique window on old brick wall of European style house.

Survivors of the Great Recession may remember that interest-only mortgages were a major factor in causing the housing crash and the ensuing economic train wreck. Yet in the last few years, these mortgages have reappeared as an option for some homebuyers. Should you consider getting an interest-only mortgage? What is an interest-only mortgage? With a

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3 ways to pay off your mortgage faster

Christy Bieber •
The Motley Fool
Online payments. Woman using credit card for shopping

Are housing costs your biggest monthly expense? For most American families, they are. But, there’s a way to drop your housing bills dramatically: Pay off your mortgage early. Mortgage-free homeowners have median housing costs almost $1,000 per month below their mortgage-holding counterparts, leaving a lot more spare cash to invest or to do fun stuff like

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