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Latest Homes News

Small size, big headaches: how to insure a tiny home

Key takeaways Tiny houses may qualify for specialty insurance, RV insurance, mobile/manufactured home insurance or be added onto an existing…

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What are mortgage-backed securities?

Key takeaways A mortgage-backed security is an investment product that consists of thousands of individual mortgages. Investors can purchase MBSs…

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How to sell a house by owner in Illinois

andyKRAKOVSKI/Getty Images Interested in selling your home in the Prairie State without the help of a Realtor? It’s certainly doable,…

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What is an interest-only mortgage and how does it work?

Key takeaways Interest-only mortgages let you pay just the accruing interest on your loan for an introductory period — but…

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What is Ginnie Mae?

Key takeaways Ginnie Mae (the Government National Mortgage Association) plays a crucial, if behind-the-scenes role, in government-insured/guaranteed mortgages like FHA…

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HO-8 insurance

The Good Brigade/Getty Images Unless you are an insurance agent, you may not know that there are multiple types of…

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Open-ended mortgages: What are they and how do they work?

eclipse images/Getty Images/Illustration by Issiah Davis/Bankrate Key takeaways An open-end mortgage provides financing to help you buy a home now…

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Cost of living 2024: How to calculate and compare

What is “cost of living”? The term “cost of living” refers to the overall amount of money required to cover…

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When to file a home insurance claim and how to do it

10'000 Hours/Getty Images Key takeaways Filing a home insurance claim might make the most sense when the loss estimate is…

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‘We buy houses’ companies in Illinois

AlenaMozhjer/Getty Images Just as you have different choices for buying a home in Illinois — from a condo in downtown…

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