What Is an Interest-Only Mortgage? An Affordable Home Loan, at Least at First
By Daniel Bortz Dec 5, 2022 (Getty Images) An interest-only mortgage is a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. Most interest-only home loans are [...]
On the House: Is 2023 the Year To Finally Buy a Home?
By Clare Trapasso Jan 4, 2023 (Realtor.com / Getty Images) Q: Is 2023 the year to finally buy a home? That depends. There are some signs indicating that it might be getting easier for many folks to buy a home. Inventory levels are still low, but there [...]
What Is an APR? Annual Percentage Rate, Explained
By Audrey Ference Nov 28, 2022 (pawel.gaul/iStock) The annual percentage rate, or APR, is how much you’ll pay in interest and other fees when borrowing money (e.g., when you get a mortgage loan or a credit card). APR can also be considered the total cost for borrowing money over a [...]
Those Who Can’t Afford a Single-Family House Are Increasingly Turning to Build-To-Rent Communities
By Meera Pal Dec 27, 2022 (Getty Images) Many renters crave the extra bedrooms, laundry facility, and backyard big enough for a pair of swings and a slide that single-family houses provide. But they’re facing a for-sale market with still-high housing prices and surging mortgage interest rates, pricing many [...]
A Guide to USDA Loans: A 0% Down Payment, Low-Interest Mortgage More Homebuyers Should Consider Now
By Kimberly Dawn Neumann Nov 28, 2022 (Getty Images) With mortgage interest rates near 7% and home prices hovering at a national median of $425,000, many homebuyers might be wondering how they’ll be able to pay for a property, and searching for ways to reduce costs. While there are a [...]
The Best Home Selling Advice of 2022: Our Top Tips for Sellers To Use in the New Year
By Margaret Heidenry Dec 13, 2022 (Photo-Illustration by Realtor.com; Photos: Getty Images (5)) If you’re like a lot of sellers in the latter part of 2022, you decided not to put your house on the market this year. Sure, you knew about record-high home prices. But maybe you [...]
