Real Estate News

Real Estate News

The Mortgage Professor: Emerging tight money may hit the mortgage market hard

Rising interest rates reduce the demand for housing by increasing the monthly payment on the mortgage most borrowers need to finance a purchase. In today's market, a consumer with good credit and the capacity to put 20 percent down, looking to borrow the $200,000 needed to purchase a $250,000 house, can obtain a 30-year fixed-rate mortgage at 4 percent, on which the monthly payment is $955. When the rate goes to 8 percent, which is what I paid on my last mortgage, the payment will be $1,468.

Real Estate News

When single homeowners pair up, what happens to their real estate?

CHICAGO - It's a classic story: Two people meet, fall in love, decide to move in together. If the lovebirds are moving from one rented pad to another, it's a simple enough plan to wait until a lease is over and search for a shared abode. But if, like many young professionals, both halves of the couple already own property, the path to domestic bliss becomes a bit more complex.

Real Estate News

The Mortgage Professor: Why do borrowers pay for mortgage insurance?

Last week, I wrote an article on how home mortgage borrowers who have been required to purchase mortgage insurance could earn a high rate of return by paying it off - with the help of a new spreadsheet now on my website. That article ignored what would have been the first question posed by a smart visitor from Mars: Why does the borrower pay for insurance that protects the lender?

Real Estate News

Real estate Q&A: Tenant may need approval for boyfriend to stay over

Q: I have been renting a condominium for the past several years. The man I have been dating stays over frequently. A board member approached me and told me I need to fill out a tenant application and pay a fee for my boyfriend. The condo rules state that guests may not stay more than 14 days in any six-month period. My landlord is unaware of any of this. It all seems so juvenile to ask if I can have a sleepover. Do we need to pay this fee?

Local

New home care services for seniors coming to Lancaster County

The Lancaster County Chamber of Commerce will assist Home Helpers Homecare & Direct Link with their official Grand Opening and ribbon-cutting on Monday, August 1, 2016 at 3 pm. Lancaster County government officials and City officials will be present and will assist with the celebration. Home Helpers Homecare offers companion care, personal care, medical Care, Alzheimer and dementia care among other services.

Videos

Check out gorgeous views from some of York County's best patio bars

Ever feel like just sitting outside and enjoying the nice weather while you have a drink? Here's a look at some of the best views you can get in York County.
David Thackham dthackham@heraldonline.com
Check out gorgeous views from some of York County's best patio bars 1:25

Check out gorgeous views from some of York County's best patio bars

Coffee may help slow effects of aging 1:32

Coffee may help slow effects of aging

Community supports Old Pointe Elementary student fighting rare condition 1:08

Community supports Old Pointe Elementary student fighting rare condition

Video: Keon Johnson talks about Winthrop's reaction to winning Big South championship 0:39

Video: Keon Johnson talks about Winthrop's reaction to winning Big South championship