DEAR BENNY: My sister and I plan to team up to purchase a $200K home for our elderly parents. We have considered putting down $30K and then obtaining a mortgage for the rest ($170K). Under this plan, my sister and ...Read More »
Homebuyers may soon face a growing problem of lack of available homes in their local markets. One key reason for the low inventory is the super-low rates many owners enjoyed when they refinanced their properties. Homeowners who refinanced when fixed ...
Tagged with: mortgage interest ratesRead More »
DEAR BENNY: My condo association has a “no unmarried couples may cohabitate” clause that I take exception to. This clause does not directly affect my wife and I but it does affect friends and neighbors, some of whom have moved ...Read More »
DEAR BENNY: I have a question about the Garn-St. Germain Act, which I understand deals with the so-called “due on sale” clause that is contained in most mortgage loan documents. If an estate beneficiary inherits a single-family residential property from ...Read More »