Many home buyers deduct their mortgage interest when assessing their tax bill, a perk that has helped bolster the income of millions of families — and the broader housing market.
Read more %1$sLenders Loosen Up…With Luxury Buyers
By MATTHEW STROZIER Demand for new mortgages is finally revving up—among big spenders, anyway. Home sales using a jumbo mortgage had year-over-year growth of 7.9% through September, compared with 2.7%
Read more %1$sReconsidering Flood Insurance
By Susan Stellin IN the aftermath of Hurricane Sandy, homeowners and renters who have insurance are discovering what it covers — and what it doesn’t — while those with minimal
Read more %1$sFactoring in Commuting Costs
By LISA PREVOST MORTGAGE lenders do not figure in a household’s likely commuting costs when weighing loan applications, but a recent study suggests that borrowers of moderate means would be
Read more %1$s5 Important Things to Do Before Selling Your House
By Brenda Lyttle Your home is a huge investment and any mistakes while selling it can prove to be pretty costly. Hence, it is always good to be safe and
Read more %1$sA Guide to When to Pay Rent, or Not, After Hurricane Sandy
By Adam Leitman Bailey One of the most frequently asked questions about life in a Sandy-affected building has been this: do tenants of buildings in Zone A need to pay
Read more %1$sFor a Lower Rate, Let Cash Do the Talking
By ANNAMARIA ANDRIOTIS When Aaron Schindler’s offer was accepted on a two-bedroom, two-bathroom co-op in New York’s Upper West Side, he figured he’d make a 30% down payment and borrow
Read more %1$sGee, maybe it is the bottom
Board to Buyer: Nah. Not at That Price.
BUYING or selling a Manhattan co-op has long presented unexpected pitfalls and moments of unique drama. But as real estate prices continue relatively flat, one obstacle has become more prevalent: Co-op boards are rejecting sales outright if they deem the price of the apartment to be too low.
Read more %1$sMORTGAGES: The High Price of ‘Forced’ Insurance
By LISA PREVOST BORROWERS who allow their homeowners’ insuranceto lapse will often get stuck with a bill for much more expensive coverage, courtesy of their lenders. Called force-placed or lender-placed
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