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Latest Homes News

What is the 50/30/20 budget rule?

The 50/30/20 rule is a budgeting strategy that devotes set portions of your income to the categories of needs, wants…

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Best Low-Interest Credit Cards of August 2024

Intro Offer: N/A Regular APR: 18.24%, 24.74%, or 29.99% Variable APR 4.3 / 5 Our writers, editors and industry experts…

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Homes that can withstand hurricanes, wildfires and other natural disasters

In a sobering trend for homeowners, natural disasters are getting costlier, stronger and more frequent. Eight of the nine costliest…

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How to get financial assistance after a natural disaster strikes

You never know when a winter storm will hit. And it doesn’t matter whether you’re in Buffalo, New York or…

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What do builder warranties cover?

When you sign a contract for a newly-built home, the developer or builder usually offers a builder warranty. While the…

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High insurance rates push homeownership further out of reach

The headlines about the housing market spotlight home prices, which are falling but still high, and mortgage rates, which have…

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Closing costs vs. prepaids: What’s the difference?

Key takeaways When you purchase a house, closing costs are typically paid to your lender and other third parties who…

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What is PITI?

Key takeaways The principal, interest, taxes and insurance (PITI) comprise your monthly mortgage payment. You can calculate your PITI payment…

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What is a mortgagee clause?

10'000 Hours/Getty Images Key takeaways Many mortgage lenders require borrowers to have a homeowners insurance policy with a mortgagee clause.…

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78% of aspiring homeowners say affordability is a challenge. Here are the complete costs of buying a home

Key takeaways The cost of homes has skyrocketed, creating affordability issues for prospective buyers. Upfront expenses associated with buying a…

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