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Mortgage and Refinance

Learn all you need to know about buying a home, from determining what you can afford to choosing the right mortgage for your needs.

Mortgage Help from Mint

Mint makes home buying easier. Learn about the home purchasing process and access key financial insights.

Frequently Asked Questions

What is a mortgage?

A mortgage is a loan used to buy a home or to refinance an existing home loan. This is an agreement between a lender and a homebuyer that gives the lender the right to take property if the homeowner should fail to repay the money they've borrowed, plus interest.

How much down payment will I need to buy a home?

While many lenders would prefer a 20% down payment, that may not be the case in every situation. In some situations, qualified homebuyers can find mortgages with low down payment requirements. Talk to lenders about your options to find the right solution.

What is a fixed-rate mortgage?

A fixed rate mortgage comes with a static interest rate, that does not change over the life of your loan. With a fixed rate mortgage, your base monthly mortgage payment will remain the same.

What is mortgage refinancing?

By refinancing your mortgage, you take out a new loan that replaces your old loan under different loan terms or interest rate.

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