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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…
How to improve your finances before your first mortgage
RiverNorthPhotography/Getty Images Key takeaways Improving your finances before applying for a mortgage gives you the best shot at getting good…
Mortgagor vs. mortgagee: What’s the difference?
hobo_018/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways The mortgagor is the person or entity who borrows and pays back a…
Agent commissions are getting more transparent — but critics still say the real estate industry operates as a ‘cartel’
When the National Association of Realtors (NAR) and major brokers last year lost a federal antitrust suit, the verdict unleashed…
Best FHA 203(k) rehab mortgage lenders in 2024
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades.…
What property buyers should know about land loans
Looking to buy some land? You have plenty of options, from modest suburban lots to massive 5,000-acre ranches. You probably…
