Discover what a variable-rate mortgage is, how it works, and the benefits and risks involved. Learn how rates adjust and what ...

In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest.

What is a fixed-rate HELOC? A standard HELOC is a revolving line of credit with a variable interest rate. As the interest rate changes, so will the minimum amount due each month. But there’s a less ...

Choosing between a fixed-rate and variable-rate loan can affect how much you pay over time and how easily you can budget each month. Fixed-rate loans offer predictable monthly payments and protection ...