An open-end mortgage provides financing to help you buy a home now and renovate it in the future. Open-end mortgages work similar to a home equity line of credit, but you can only use the drawn ...

Our opinions are our own. Whether you're applying for a new home loan or renewing your current one, you need to decide between an open or closed mortgage. Closed mortgages are more common ...

It can be an unpleasant surprise to open your monthly mortgage statement and see a higher amount due than you expected. To understand why your payment increased, take a look at the components of a ...

Manulife One is an all-in-one mortgage that allows you to combine your mortgage loan with a HELOC and your bank account. For example, if your house is valued at $500,000, you can open a Manulife ...

You don’t stand to gain much by blending your current mortgage rate with a higher one. An open mortgage allows you to increase your regular payments or make extra lump-sum payments without being ...

However, during the question and answer period, Sen. Tina Smith (D-Minnesota) asked about the availability of mortgages in disaster-prone states like California. Here’s what Powell had to say ...

you might choose a longer-term mortgage if you prefer budgeting a set mortgage payment for a longer period. An open mortgage gives you more flexibility to pay off your mortgage or break your ...