It might seem like longer to some, but it was just a years ago that a devastating 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 take a look back at the subprime mortgage crisis.

If the prime rate for a mortgage is what is offered to people with excellent…

A deposit on a house likewise safeguards you as the buyer. If you wish to sell your home and the marketplace drops, you might owe more on your home than it deserves. If you made a larger deposit when you bought your house you may recover cost, or potentially earn money when you offer.

However, the four common are: With this kind of mortgage, you keep the very same rate of interest for the life of the loan,…