There's a catch. After those first five years, things change. The size of your monthly payment can swell or shrink as interest rates rise and fall.
Despite recent laws, you can still negotiate specific closing costs lower to help you save money when it's time to buy or refinance a home.
This simple step is essential for getting you the best possible interest rate on your home loan.
Feeling hoodwinked because you panicked and got a mortgage at 4.5%? Rates jumped this summer, but the mini-bubble wasn't sustainable and rates fell.
Mortgage servicers still have plenty of incentive to foreclose, and cities and states are looking to protect consumers -- with some results they didn't anticipate.
Getting a mortgage will become trickier and more costly in 2014. Here are the reasons it's happening.
Would-be borrowers with thin credit histories can sometimes get a boost from nontraditional creditors -- like cellphone carriers, utilities and, yes, video streaming services.
VIDEO ON MSN MONEY
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Bill Stiritz owns more than 5% of the company, and has experienced an estimated $145 million in paper losses on his investment.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Buy a new refrigerator, and you could see your utility bills drop because of new energy-efficiency standards.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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