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What is a 10/1 adjustable-rate mortgage (ARM)?

IP Galanternik D.U./Getty Images Key takeaways A 10/1 adjustable-rate mortgage has a fixed interest rate…

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What is the right of redemption? How it works during foreclosure

Key takeaways If you're facing foreclosure, the right of redemption gives you a legal pathway…

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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…

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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…

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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…

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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,…

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HO-8 insurance

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

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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…

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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…

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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…

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