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 ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (NewsNation) — Homeownership feels out of ...

(NewsNation) — Mortgage rates are at their lowest level in two years — and could fall further — but interest payments are just one of the costs that come with a mortgage. Buyers also have to take into ...

Currently, the average interest rate on a 30-year fixed mortgage is 6.34%, compared to 6.3% a week ago, according to the ...

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, ...

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.

With high mortgage rates and a limited inventory of homes to contend with, it can be difficult to find affordable options. But, doing so isn't impossible. That's especially true if you have a strong ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

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 ...