Real Estate News
The Mortgage Professor: Cash-out loans can cost a pretty penny
Borrowers who withdraw cash when they refinance are viewed as riskier than those who don't, because the cash withdrawal indicates possible financial distress - and that perception can raise a borrower's costs.
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Real Estate News
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REAL ESTATE NEWS
Assisted living industry rolls out welcome mat as boomers age
CHARLOTTE, N.C. - The economy is slowly recovering, home values are rising again, and baby boomers are turning 65 at a rate of nearly 10,000 a day.
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REAL ESTATE NEWS
Once-reviled flippers could help heal some housing markets
Home flippers got a bad name during the housing boom. They sold properties for big profits in days or weeks, and the rapid price appreciation created a frenzy that led to the eventual bust.
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REAL ESTATE NEWS
Real estate Q&A: With retirement in full view, try to avoid refinancing
QUESTION: I have five years left until I pay off my 30-year mortgage. I received an offer to refinance, which certainly is tempting, but I'm getting pretty close to retirement. Should I lighten my burden now or try to hold on for five more years?
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REAL ESTATE NEWS
The Mortgage Professor: Borrowers should try to limit risk factors
Why did Jones pay more for her mortgage than Smith? One possible reason is that her mortgage had features that increase risk to the lender, which charged a higher price to compensate. I call these "risk factors." Potential borrowers ought to know what they are, how much of a rate penalty they will...
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REAL ESTATE NEWS
Sandy damage forces some homeowners to sell 'as is'
BEACH HAVEN WEST, N.J. - The full consequences of Hurricane Sandy will be played out in a thousand personal decisions, and for families like the Wosceks, owners of a tiny yellow bungalow on a lagoon, that meant one thing:
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REAL ESTATE NEWS
Builders struggle to find enough construction workers
The real estate bust idled hundreds of thousands of construction workers. Now, with housing on the mend, builders are hiring again.
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REAL ESTATE NEWS
Real estate Q&A: Unmarried homeowners should prepare in advance
QUESTION: My ex-fiancee bought a home, and over time I took over payments and was given half ownership. The property now is "underwater," and she wants to do a short sale. The loan is in her name only, but the deed is in both of our names. What are the ramifications of a short sale for me?
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