You are considered personally liable with recourse loans if you default. Mortgages and auto loans are often recourse loans, though this may differ between lenders. Lenders may seize personal assets ...

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home ...

A bank statement loan allows you to qualify for a mortgage using bank statements rather than tax returns. It’s most often used by self-employed borrowers. Not all mortgage lenders offer bank statement ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

Negotiate with your lender. If you have private student loans, you may be able to negotiate a lower interest rate with your ...

Loan amortization sounds like a complicated term, but its meaning is fairly straightforward. Amortization refers to the series of regular payments you make on a loan in order to pay off both interest ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor ...

An installment loan lets you borrow a set amount that you repay with interest over a period of months or years. Many, or all, of the products featured on this page are from our advertising partners ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But there is one upside to today's unusual housing market environment.

Approximately 45 million Americans owe, cumulatively, $1.6 trillion in student loan debt to the federal government. That’s a ...