Tag: real estate credit

Opinion: Should seniors get reverse mortgages?

I keep seeing Tom Selleck and Henry Winkler on TV hawking reverse mortgages. I’m pretty sure “Magnum P.I.” and “Fonzie,” now 76 and 75, respectively,...

I lost everything, but started over and bought a home. My boyfriend wants to pay off my mortgage and split the proceeds

I’m 43 and finally made it out of my own financial hell. In my early 20s, I dated a man for over a decade who...

My husband wants to buy his sister out of their late mother’s $150,000 dilapidated home — and let her to stay there rent-free

My mother-in-law recently passed away. She left her estate to her two children, my husband and his sister. She had a lot of outstanding debt...

My boyfriend demands I pay half of his $600K mortgage and utilities, or go live in a camper van. He says, ‘You’ll never own this house’

I have been in a relationship with my partner, a man, for about 10 years. We are both in our late 50s, and I’m financially...

Mortgage rates drop back below 3% — here’s how much Americans could save by refinancing

Benchmark mortgage rates again dropped below 3%, giving Americans yet another opportunity to refinance, and lock in historically low financing. The 30-year fixed-rate mortgage averaged...

My mother, 65, passed away and left me her house — and mortgage. Her partner, 72, lives there. What are my moral obligations here?

My mom passed away unexpectedly at 65 on March 5. I am her only child, and she never remarried after divorcing my dad in 1991....

How to get in line for homeowner assistance funds

States are gearing up to distribute nearly $10 billion in aid for homeowners who have been hard hit during the pandemic. So how can struggling...

Homeowners’ new safety net leaves many at risk

As the federal government hastily stitches together a new safety net for struggling homeowners, housing advocates fear the relief may come too late for some...

Is the U.S. housing market heading for a crash? Here’s what the experts say

That’s the question a lot of Americans appear to be asking themselves. Data from Google GOOGL, -0.03% underscore the concerns that many people have about...

I’m 30. My wife is 34. We saved $350K and I have $350K saved for retirement. Should we pay cash for a home — or take out a mortgage and invest it?

Dear Quentin, After finishing graduate school, my wife and I decided to pay off all our debt before buying a home, or anything for that...

Wall Street bet on financing self-employed home buyers. Will there be regrets?

Wall Street’s comeback story in U.S. housing finance has hinged on lending to self-employed borrowers and others who don’t quite fit the mold. It financed...

I found an old lien on my home from a past refinance. How do I get rid of it?

‘The Big Move’ is a MarketWatch column looking at the ins and outs of real estate, from navigating the search for a new home to...

Did you refinance your mortgage last year? Here’s how it could affect your taxes

As interest rates plummeted throughout 2020, mortgage refinancing became a major avenue to saving money in the midst of the coronavirus pandemic. But those who...

Did you skip mortgage payments last year? Here’s what that means for your taxes

Amid the economic turmoil caused by the coronavirus pandemic, millions of Americans opted to pause their monthly mortgage payments. That choice could have implications for...

My fiancé wants me off the deed and mortgage to our new home. If I don’t agree, he says we’ll stay engaged forever

Dear Moneyist, My fiancé — or should I say eternal fiancé because he never wants to get married — recently shocked me when he flatly...

Federal regulators want to ‘modernize’ home appraisals — that could put some consumers at a disadvantage

A federal watchdog agency is investigating ways to modernize the process used to determine how much a home is worth. The Federal Housing Finance Agency,...

‘It is just a road that could take several years.’ Prospects for a quick privatization of Fannie Mae and Freddie Mac dim following Mnuchin comments

Treasury Secretary Steven Mnuchin indicated that he wouldn’t let Fannie Mae and Freddie Mac exit conservatorship if they weren’t well capitalized enough. Photo by Mandel...

What a COVID-19 vaccine would mean for mortgage rates and the housing market

When the coronavirus pandemic first reached U.S. shores earlier this year, worries abounded about how it would affect the country’s housing market. Starting in March,...

Wall Street home loans aren’t looking great in this crisis

Home for sale in San Francisco, California. Justin Sullivan/Getty Images Wall Street’s foray back into lending to homeowners with spotty credit isn’t looking great during...

I’m a 54-year-old widow. My fiancé and I plan to renovate my home. Is that a good idea? Will a second marriage affect my Social Security?

Dear Moneyist, I am a 54-old-widow of 6 years, with average savings and a home (free and clear) that was paid for by me and...

Renters in U.S. cannot be evicted through the end of the year due to coronavirus, CDC order states

The Centers for Disease Control and Prevention implemented a temporary eviction moratorium through the end of the year, protecting U.S. renters from losing their homes...

Some lower-income households can’t fully afford bills, medical care or food because of COVID-19 — and many didn’t get stimulus checks

Nearly 43% of households in a new survey reported seeing income reduction due to the coronavirus. Mario Tama/Getty Images As lawmakers negotiate a second relief...