real estate

What is a McMansion?

 

What is a McMansion?

The Bankrate.com financial term of the day is: "McMansion"

"McMansion" is a disparaging term used to describe homes that are oversized and opulent, but also without a whole lot of uniqueness. McMansions are loosely defined as houses between 5,000 and 10,000 square feet with soaring, grandiose entryways and multicar garages, often shoehorned onto relatively small lots.

McMansions are giant homes that have sprouted up in the suburbs the way fast-food restaurants have -- hence the name.

To shop for the perfect home loan, visit the Mortgages section at Bankrate.com.

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