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Latest Homes News

Why your mortgage gets sold, and what you can do about it

Feverpitched/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Mortgages are often sold to other companies or investors to free…

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What is conditional approval in a mortgage application?

Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them…

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How to prevent your home from flooding

Flooding is the most frequent and costly natural disaster impacting the U.S.— also one of the most misunderstood. Homeowners living…

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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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