Homes
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5 biggest myths about mortgage refinance
Key takeaways One of the most common mortgage myths is that refinancing is free. However, you’ll need to pay fees,…
What is collateral for a mortgage, and how does it work?
David Papazian/Getty Images Key takeaways Collateral is something that backs — or secures — a loan. It makes the loan…
How to choose the right, cheap home insurance for your budget
When it comes to home insurance, you might feel like you don’t have much choice in how much you pay.…
Homeowners insurance statistics and facts
If you own a home, it’s important to consider investing in homeowners insurance. A comprehensive home insurance policy provides valuable…
Income requirements to qualify for a mortgage
Key takeaways There are no specific income requirements to qualify for a mortgage. To determine whether you'll qualify for the…
What is a 5/1 adjustable-rate mortgage (ARM)?
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them…
What is a 3/1 adjustable-rate mortgage (ARM)?
Paul Hamilton/Getty Images Key takeaways A 3/1 ARM is a type of adjustable-rate mortgage. The interest rate on this mortgage…
Pros and cons of a 15-year mortgage
Key takeaways Pros of a 15-year mortgage include paying less in interest over the life of the loan as a…
What income do I need to afford a $250K house?
If you’re in the market for a $250,000 home, your options may be limited — the national median home sale…
How much house can I afford with a $180K salary?
David Papazian/Getty Images Homeownership is likely well within your reach if you earn an annual salary of $180,000. The median…
