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Latest Homes News

Home equity loan vs. home improvement loan: Which is better for a renovation?

Key takeaways Home equity loans are second mortgages: Borrowers convert all or part of their homeownership stake into ready cash,…

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Financial freedom feels far away for the 30-year-olds moving home to save money

Nimra Haroon made a big change when she moved out for the first time at 23. Now, less than 10…

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Loss of use coverage

Key takeaways Loss of use reimburses expenses incurred when your home is uninhabitable after a loss. Elective renovations and general…

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Does homeowners insurance cover wildfire damage?

milehightraveler/Getty Images Key takeaways Homeowners insurance typically covers wildfire damage, but carriers may limit coverage in areas with high wildfire…

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Advantages and disadvantages of having a mortgage

The dream of owning a home might more accurately be described as the dream of paying off a mortgage. A…

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FHA 203(k) loans: What they are and how they work

Westend61/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways FHA 203(k) loans provide funding to finance both a home's purchase and the…

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Convertible ARM loans: What they are and how they work

Thomas Barwick/Getty Images Key takeaways A convertible ARM includes a clause that lets borrowers switch from an adjustable interest rate…

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How to sell a house by owner in Oregon

Key takeaways You can sell a house in Oregon without hiring a real estate agent, but it adds a lot…

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How generative AI is changing the mortgage process

Key takeaways Automation technology has been a part of mortgage lending since the 1990s, but it's different from generative AI.…

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Documents needed for mortgage preapproval

Anchiy/GettyImages; Illustration by Hunter Newton/Bankrate Our writers and editors used an in-house natural language generation platform to assist with portions…

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