A mortgage rate lock allows you to keep your interest rate unchanged for a set period of time, usually between when your purchase offer is accepted and when you close on your new home. Locking in your ...

Locking in a mortgage rate can protect you from fluctuating costs during the closing process, especially if interest rates are on the rise. But if rates drop after you’ve locked, you could be stuck ...

If you're hit with a surprise expense and have equity in your home, a home equity line of credit (HELOC) can be more favorable than other types of loans or credit cards, especially right now. HELOC ...

When buying a home, securing the lowest interest rate available means you won’t have to pay more than necessary on top of your principal balance. But interest rates change constantly — sometimes ...

The rate lock might be the most complicated issue mortgage borrowers need to understand. Here, five questions and answers demystify how a rate lock works. -- What is a rate lock? A rate lock is a ...