Homes
Latest Homes News
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…
How to find affordable homeowners insurance in a high-risk fire zone
Key takeaways The number of counties identified as having a high risk of wildfires has increased in recent years. Roughly…
Does homeowners insurance cover fire damage?
MarkCoffeyPhoto/Getty Images Key takeaways Home insurance policies generally cover losses from a fire. However, homeowners insurance typically does not cover…
Guide to closing on a house: What to expect during the closing process
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them…
How is home equity split in a divorce?
Divorce isn’t just about emotional separation: It’s about financial separation, too, especially when it involves shared property like a home,…
