DEAR MR. BERKO: In my individual retirement account, I have $15,000 face value of the 7.75 percent Alcatel-Lucent convertible stock, which was recently called at $1,000. You recommended Alcatel at $725 in 2006, and I need to replace that good ...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 »