If you’re planning to buy a home with less than 20% down—whether you’re browsing a house for sale in Seattle, WA or checking out a home in Austin, TX—you’ll likely encounter mortgage insurance in some form. Most buyers are familiar with borrower-paid mortgage insurance (BPMI), the monthly PMI you pay until you reach 20% equity. But there’s another option your lender may offer: Lender-Paid...
Real Estate
When you’re preparing to close on a home, you’ll receive several final documents outlining your loan terms, closing costs, and the exact amount each party must pay or receive. Two of the most important are the closing disclosure and the settlement statement (also called an ALTA settlement statement or, in older transactions, a HUD-1). Although the two forms often contain similar numbers, and those...
Traditional self-storage can feel inconvenient and impersonal. When you’re already trying to maximize storage for small spaces, the process of buying supplies, packing everything yourself, and hauling boxes to a facility across town can be time-consuming and physically exhausting. In this Redfin guide, we’ve teamed up with Clutter to walk you through a better approach to storing your belongings and...
If you’re planning to buy a condo with an FHA loan, one of the first steps is confirming whether the condo is FHA approved. FHA loans offer flexible credit requirements, competitive rates, and low down payments—but the condo project must meet specific FHA standards. Whether you’re exploring homes for sale in San Diego, CA, or browsing homes for sale in Chicago, IL, knowing how to verify FHA approval...
Key takeaways: Plan ahead for how you’ll pay for a home in retirement and what fits comfortably within your long-term budget. Focus on finding a home and location that support your lifestyle, accessibility needs, and future comfort. Consider how homeownership fits into your broader retirement plans, including taxes, maintenance, and estate planning. Buying a house in retirement can offer stability,...
Homebuyers are watching the economy closely, and for good...
Let’s be honest—when you’re working with a small kitchen, it can feel like you’re playing an endless game of Tetris every time you try to cook dinner. Between the limited counter space, the overflowing cabinets, and that awkward corner you can never quite reach, it’s easy to feel like your kitchen is working against you rather than with you. After years of transforming compact kitchens,...
Whether you’re considering buying your first house or are looking for a new place to call home, you may be wondering if buying land is right for you. As a first-time land buyer, there are several key differences to know before embarking on your search, from zoning and utilities to financing and site conditions. In this Redfin article, we’ll outline what you need to know about being a first-time land...
Create your dream patio with these early markdowns on...
Mixing friendship and business can be a slippery slope. Find out if this type of partnership has more cons than...