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A home equity loan uses a borrowers "equity" in a home as collateral. The term generally refers to a loan taken out after the home has been owned for a while. The owner signs a mortgage, pledges his home as collateral, and walks away with a...

WASHINGTON -- The average rate on the 30-year-fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. But even with the cheapest rates in history, the housing market remains depressed. Mortgage buyer Freddie Mac...

For the first time in the 40-year history of our iconic brand, we will air a commercial during the Super Bowl, the most watched television event of the year. In addition, we'll precede the game with 11 commercials on NBC throughout the day of the...

President Obama said in his State of the Union address Tuesday that he will submit to Congress a plan that gives responsible homeowners the chance to refinance and save roughly $3,000 a year on their mortgage. "No more red tape," he said. "No...

The need for more space was what got Kim and Jason Fitzsimmons thinking about buying their first home. They'd been married for a year and realized that a small apartment, even with two bedrooms, wasn't big enough for all they'd accumulated....