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What Is a Bridge Loan? A Way to Buy a New Home Before You Sell the Old One

Pinopic/Getty Images What is a bridge loan? As the name suggests, bridge loans offer a short-term loan or “bridge” that allows borrowers to purchase new real estate property by using the home they currently own as collateral. A bridge loan is definitely worth considering for borrowers…

July 13, 2019

Is It Cheaper to Buy or Build a House? Compare the Pros and Cons

Feverpitched/iStock When you decide it’s time to put down roots and become a homeowner, you may wonder: Does it cost less per square foot to buy or build your own house? Unless you’re rolling in money, you’ll probably want to weigh the pros and cons…

July 12, 2019

Should I Sell My House? 6 Signs It’s Time to Move On

Cronislaw/iStock Ten years. That’s the average amount of time a homeowner stays in a house before a sale, according to the National Association of Realtors®. Think that sounds shockingly short? Or way too long? The fact is, people’s reasons for selling their homes are…

July 11, 2019

How to Get a Mortgage: A Step-by-Step Guide for Home Buyers

AlexanderNovikov/iStock If you want to buy a house but don’t have oodles of cash lying around, you’ll need to learn how to get a mortgage—that all-important home loan used to purchase property that you will then pay back for years or even decades to…

July 11, 2019

What Is a Cape Cod House? Hint: It’s on the Monopoly Board

jhorrocks/iStock Countless Monopoly games have been won and lost over the placement of tiny green houses (as well as slightly larger red hotels, but that’s another story). But if you’ve ever inspected these pieces of plastic, you’d see that they’re actually miniature versions of the popular home architecture known…

July 9, 2019