The Tennessee Department of Financial Institutions has announced a new maximum interest rate of 12% per annum.

How does one decide between an ARM and a fixed rate loan? Financial planner Steven Podnos shares his expertise on the matter.

Mortgage rates continued their recent upward trend, increasing for the third week in a row. Freddie Mac’s current mortgage rate for a 30-year fixed-rate loan averaged 6.44% for the week ending October ...

Discover how to maximize your savings and investments with our comprehensive guide on how to use a compound interest ...

Home loans are financial products that allow individuals to borrow money from banks or financial institutions to purchase, ...

Interest rates are divided into subcategories. Smart investors look beyond the nominal or coupon rate of a bond or loan to see if it fits their objectives.

A home equity loan is a fixed-rate installment loan secured by your ... you borrow up to 90% of your home equity, you can use the formula to see how that would be: $500,000 [current appraised ...

Other forms include the EMI calculation formula which considers the amount of the loan or principal, the time period for the loan or tenure and finally the interest rate which gives a monthly ...

Once one of the worst banks for lending to Black home buyers, KeyBank last year made 10% of home loans to Black borrowers.