What is a bedroom community?
The Bankrate.com financial term of the day is: "Bedroom Community"
You've heard of a city that never sleeps? The people who work there do have to sleep sometime, and many of them go to a bedroom community. That's a suburb where people who work in the city live and go home at night.
A bedroom community is where the city's commuters commute from.
To shop for the perfect home loan, visit the Mortgage section at Bankrate.com.
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You go to buy a car. You have cash or financing in hand, but the dealer says, "Sorry, federal law requires a credit check. The Patriot Act, you know."
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