DEAR BENNY: I am at my wit’s end. This is a long story so please bear with me. (Note: For brevity’s sake, I am summarizing: Peter appealed his real estate tax assessment, but first the county got it wrong, and ...Read More »
DEAR MR. BERKO: I researched then purchased 1,000 shares of Quest Diagnostics a year ago at $64.30. And while the stock market has gone up a lot, my Quest stock has fallen in price. I’ve been thinking for several months ...Read More »
The interest rate for a large jumbo mortgage is now less than the rate for a smaller conventional loan. The increase in rate for conventional loans, combined with banks seeking jumbo mortgages for their portfolios, has created a situation in ...
Tagged with: Bill Banfield conventional loan Fannie Mae Federal Housing Administration Federal Housing Finance Agency Freddie Mac interest rate Jim Woodard jumbo mortgage Mutual Mortgage Insurance Fund NAtional Mortgage NEws Quicken Loans real estate websiteRead More »
DEAR BENNY: We have our house deed titled in our two trusts. We have our will designating our two children as beneficiaries. Could there be any problem because the deed is in our trusts? – Sumitra DEAR SUMITRA: Yes, there ...
Tagged with: accurate home estimates appraising property deed home assessments IRS last will and testament property distribution after death tax basis of capital investment title Trulia trust document Trusts ZillowRead More »
DEAR MR. BERKO: What is your opinion of the water industry ─ especially Middlesex Water Co., which pays a 3.5 percent dividend. We’d like to buy several water utilities to add to our portfolio of telephone, gas and electric utilities. ...Read More »
DEAR MR. BERKO: I read your five T. Rowe Price recommendations with great interest. I know that T. Rowe Price is a very good organization. However, we prefer to own Fidelity funds for our children’s college education. We have three ...Read More »
DEAR BENNY: I am hoping you can clarify debt relief as it applies to rental property. My sister has a single-family residence that she rents out and is now letting the house follow the path to foreclosure. She received info ...Read More »
The income required to purchase a median-priced home in today’s market depends largely on location and varies quite a bit across the country. In Cleveland, you could earn $22,000 a year and still afford a house, but in San Francisco, ...
Tagged with: Clear Capital Freddie Mac HSH Associates income required to buy median-priced home Jim Woodard Market Composite Index Martgage Bankers Association Morningstar Corporate Credit Ratings National Association of Realtors Primary Mortgage Market Survey Refinance Index Weekly Mortgage Applications Survey ZillowRead More »
RESPONSE FROM A READER: Read your recent column regarding the house rehab project which stopped in the middle. Just a thought: Most building permits have an expiration date, which local authorities may enforce, or ding the homeowner with some sort ...Read More »
DEAR MR. BERKO: Why has the stock market continued to make new highs while unemployment remains high? Why has unemployment remained high when the Federal Reserve adds $85 billion a month to the economy? And why has the gross domestic ...Read More »