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Latest Homes News

What to know about HELOC prepayment penalties

Key takeaways A HELOC early payoff or prepayment penalty is a fee that lenders charge if borrowers settle their debt…

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Gas vs. electric vehicles: Which is cheaper to own?

The average cost of car maintenance and use in 2023 was $12,182 annually, according to AAA, which was nearly $1,500…

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How to get preapproved for a mortgage

Key takeaways A mortgage preapproval is a statement of how much money a lender is willing to let you borrow…

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What to do if you inherit a house with a mortgage

Key takeaways A deceased person’s mortgage becomes the responsibility of the person inheriting the home. The heir has several options,…

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10 saving and investing tips for all ages

At a time when inflation has come down, yet fears of a recession loom, many Americans are looking for ways…

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Homebuyer education courses: What are they and should you take one?

PeopleImages/Getty Images Key takeaways Homebuyer education courses teach you how to save for a down payment, shop for lenders and…

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How to switch homeowners insurance when your escrow pays your premium

If your home insurance premium is funded through an escrow account and you want to change carriers, don’t be deterred…

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HomeReady mortgage guide

KenWiedemann/Getty Images Our writers and editors used an in-house natural language generation platform to assist with portions of this article,…

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When does homeowners insurance cover mold?

Key takeaways In most cases, homeowners insurance policies do not cover mold damage as it's often tied to home maintenance.…

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What happens if you don’t activate a credit card?

Key takeaways Not activating a credit card can have negative impacts on your finances, but most downsides only apply if…

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