Homes
Latest Homes News
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…
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.…
When is my first mortgage payment due?
Monkey Business Images/Shutterstock Key takeaways The first mortgage payment is usually due a full month after your closing date —…
Best reverse mortgage lenders in 2024
pamspix/Getty Images: Illustration by Issiah Davis/Bankrate Reverse mortgages allow homeowners aged 62 or older to tap into their equity and…
What’s the best way to pay for home renovations: savings or financing?
Key takeaways Using savings to fund renovations avoids the extra expense of interest and accumulation of debt, and encourages sticking…
What is a balloon mortgage?
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them…
