DEAR BENNY: I applied in mid-April for a mortgage loan for a handicapped-accessible, ADA-compliant home in Florida. The bank issued a “conditional approval,” almost immediately giving what turns out to be a false hope of quick approval. Since then, the ...Read More »
An increasing number of analysts are reporting a notable rise in home prices. This is seriously affecting the affordability of housing, despite the continuing low rates of mortgages. Sixty-three percent of new and existing homes sold between the beginning of ...
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DEAR MR. BERKO: I told my broker at Wells Fargo that I wanted to take a gamble with $5,000, and he recommended that I buy 400 shares of CVR Partners at $12. At the time, the issue paid $1.56 and ...Read More »
DEAR MR. BERKO: What can you tell me about Porter Stansberry’s credentials and newsletter? Yahoo Finance has been excerpting his comments. Some sound exciting, but others sound scary. I might subscribe to his newsletter if you think his ideas are ...Read More »
Mortgage qualification requirements are easing, making them more available for homebuyers and owners who want to refinance their existing loans, according to several sources. One such source recently announced that mortgage credit availability increased in July, according to the Mortgage ...
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DEAR BENNY: Over the past several years, I have seen several cases of reluctant bank foreclosure on modest, middle-income single-family homes in our area of Northern Indiana since implementation of the economic recovery packages. In one example known to me, ...Read More »