It might feel like longer to some, but it was simply a years ago that a disastrous real estate crisis ruined the lives of many Americans, with impacts that still exist today. As we approach the 10-year anniversary of Lehman Brothers' collapse and the Great Recession, we should have a look back at the subprime home loan crisis.

If the prime rate for a mortgage is what is offered to individuals with good credit and a history of…

A deposit on a home also safeguards you as the buyer. If you desire to offer your house and the marketplace drops, you may owe more on your home than it's worth. If you made a bigger deposit when you acquired your home you might break even, or potentially make cash when you sell.

However, the 4 common are: With this kind of home loan, you keep the very same rates of interest for the life of the loan, which means the principal and interest part of your monthly home mortgage payment…