Many people aspire to own homes, and a mortgage is one of the best ways to do it. If you recently got a mortgage or want to learn more about how this financial product works, it’s important to know ...

There are several strategies for making principal-only mortgage payments, such as lump sum payments or increasing payments, which can decrease the overall interest paid over time since mortgage ...

Figuring out your mortgage payments can be challenging, but it doesn't need to be that hard. With the right tools and understanding, this essential aspect of home buying becomes less of a mystery and ...

Mortgage calculator apps can help you see the impact of different loan amounts, interest rates and payment terms in seconds. Whether you’re looking for a mortgage budget app to see what you can afford ...

Homeowners often see a mortgage as one of their largest financial commitments, and paying it off faster can feel like a major financial win. Extra payments toward the principal reduce the balance more ...

Recasting lowers your monthly payment, but it doesn't shorten your mortgage or maximize interest savings. Making an extra principal payment won't lower your monthly payment but can reduce the total ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...