Homes
Latest Homes News
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…
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…
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…
What is PITI?
Key takeaways The principal, interest, taxes and insurance (PITI) comprise your monthly mortgage payment. You can calculate your PITI payment…
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,…
