Owner Occupied Status Affects Mortgage Refinancing
Q: I have been renting a house for seven years. The owner has refinanced the house two times as owner occupied. Is this against the law? Thank you. A: When you fill out a mortgage application, the...
View Article1031 Exchange: Deadlines, Type Of Property Impact Eligibility
Q: I have three rental properties. Two are paid for. The other one has a mortgage balance of $20,000 with 11 years to go until it is paid off. The interest rate is 6.575 percent. Should I pay off this...
View ArticleTaxes Affect Manufactured Home Refinance Decision
Q: I have a loan on property in Oregon and the interest rate is 7.75 percent. It is on a manufactured home on 110 acres. I have looked into refinancing and nobody will give a better rate on the place....
View ArticleConsider Renting If You Can’t Sell Home
Q: My job is moving to another state. With today’s poor real estate market, I will not be able to sell my current home without taking a substantial financial loss, which I cannot afford. I’ve rented...
View ArticleRenting an Apartment on a Budget
Finding the right apartment to rent is tough enough. Renting an apartment on a budget is even tougher. Between the application fees, moving fees and stress of finding the right apartment (in the right...
View ArticleTop 10 Most Expensive Cities to Live in 2019
Top 10 most expensive cities to live in 2019. Setup costs and living expenses rank the most in-demand cities around the world from most to least costly. What are the top 10 most expensive cities to...
View ArticleBuying vs Renting a Home in 2020
Buying vs renting a home in 2020. Insights from Rick Sharga answer whether it is better to rent or buy a home in 50 U.S. metropolitan areas. More than 80 percent of renters believe renting is more...
View ArticlePaying Property Taxes on an Abandoned Home
Paying property taxes on an abandoned home. This renter can’t locate the owner and wants to know if they can pay back taxes before it goes to auction. Q: I rented a house from a person who turned out...
View ArticleRenting a Home Without Seeing It
Are you thinking about renting a home without seeing it? Covid has changed the way people buy and rent their homes. But when you buy or rent a home sight unseen, it can turn out to be far different...
View ArticleSell and Rent Back: Good idea for seniors?
Sell and Rent Back: Is this a good idea for seniors? Q: I have owned a condominium in Sarasota, Florida since 1978 and it’s been my permanent residence since 2004. The character of it has changed and...
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