Homes
Latest Homes News
What do builder warranties cover?
When you sign a contract for a newly-built home, the developer or builder usually offers a builder warranty. While the…
High insurance rates push homeownership further out of reach
The headlines about the housing market spotlight home prices, which are falling but still high, and mortgage rates, which have…
Closing costs vs. prepaids: What’s the difference?
Key takeaways When you purchase a house, closing costs are typically paid to your lender and other third parties who…
What is PITI?
Key takeaways The principal, interest, taxes and insurance (PITI) comprise your monthly mortgage payment. You can calculate your PITI payment…
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.…
78% of aspiring homeowners say affordability is a challenge. Here are the complete costs of buying a home
Key takeaways The cost of homes has skyrocketed, creating affordability issues for prospective buyers. Upfront expenses associated with buying a…
What happens when you pay off your mortgage?
Luis Alvarez/Getty Images Key takeaways Owning your home free and clear carries both financial and emotional rewards, but it may…
Owner financing: What it is and how it works
Key takeaways Owner financing is an arrangement in which a homeowner or seller, rather than a bank or mortgage lender,…
Housing market predictions for the rest of 2024
Key takeaways Low levels of inventory mean that sellers continue to have the upper hand in the housing market. Mortgage…
How to sell a house by owner in Tennessee
Key takeaways Using a real estate agent is not mandatory when selling a home in Tennessee, but doing it yourself…
