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Latest Homes News
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.…
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…
What happens when you pay off your mortgage?
Luis Alvarez/Getty Images Key takeaways Owning your home free and clear carries both financial and emotional rewards, but it may…
Small size, big headaches: how to insure a tiny home
Key takeaways Tiny houses may qualify for specialty insurance, RV insurance, mobile/manufactured home insurance or be added onto an existing…
What are mortgage-backed securities?
Key takeaways A mortgage-backed security is an investment product that consists of thousands of individual mortgages. Investors can purchase MBSs…
How to sell a house by owner in Illinois
andyKRAKOVSKI/Getty Images Interested in selling your home in the Prairie State without the help of a Realtor? It’s certainly doable,…
What is an interest-only mortgage and how does it work?
Key takeaways Interest-only mortgages let you pay just the accruing interest on your loan for an introductory period — but…
What is Ginnie Mae?
Key takeaways Ginnie Mae (the Government National Mortgage Association) plays a crucial, if behind-the-scenes role, in government-insured/guaranteed mortgages like FHA…
HO-8 insurance
The Good Brigade/Getty Images Unless you are an insurance agent, you may not know that there are multiple types of…
Open-ended mortgages: What are they and how do they work?
eclipse images/Getty Images/Illustration by Issiah Davis/Bankrate Key takeaways An open-end mortgage provides financing to help you buy a home now…
