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How to prepare for FHA appraisal requirements
The Good Brigade/Getty Images Key takeaways An FHA appraisal assesses your home's market value and condition to determine whether the…
What is an energy-efficient mortgage (EEM)and how can it save you money?
Key takeaways An energy-efficient mortgage, or EEM, can help you pay for an energy-efficient home or for energy-saving upgrades to…
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…
Cost of living 2024: How to calculate and compare
What is “cost of living”? The term “cost of living” refers to the overall amount of money required to cover…
