Tax Form 1098 tells the IRS how much mortgage interest you paid last year. You may be able to deduct this amount on your Schedule A. Not all mortgage interest is tax deductible. If you have a mortgage ...

Lenders calculate how much interest you’ll pay with each payment in two main ways: simple or on an amortization schedule. Short-term loans often have simple interest. Larger loans, like mortgages, ...

(NewsNation) — Homeownership feels out of reach for many Americans, but an anticipated interest rate cut this month could encourage a slow return to the market. For those who already have a monthly ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Interest is one of the ways lenders make their money, and it’s what makes it worth it for them to give out loans. If you’re borrowing money, interest is the cost the bank charges you for the service.

Aly J. Yale is a contributor at Buy Side and an expert on real estate, mortgages, investing and home renovations. Location may be everything in real estate as the saying goes, but with rates these ...

If you obtained a mortgage recently, there’s a good chance you’d like to pay it off as soon as possible. If you obtained a mortgage in the past five, 10 or 20 years, there’s a good chance you, too, ...

The current median interest rate is 6.125% for a 30-year fixed-rate mortgage and 5.500% for a 15-year fixed-rate mortgage. Senior editor, Buy Side from WSJ Reina Marszalek is a senior editor at Buy ...

If you have a mortgage, you’ll probably receive an IRS Form 1098 in the mail. Your mortgage lender is required to use this form if you paid more than $600 in mortgage interest last year. The form also ...