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Weighing risks, rewards of adjustable-rate mortgages

Weighing risks, rewards of adjustable-rate mortgages

Fixed mortgage rates remain below 5 percent, and these days fewer homebuyers seem to be opting for adjustable-rate loans.

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Determining the value of inherited house

Determining the value of inherited house

Q. Where can a person find the value of a home on a particular date? My last surviving parent passed away on Sept. 29, 2005, and my...

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Live-in mate could lose shared property in estate battle

Live-in mate could lose shared property in estate battle

Q. My mother and her boyfriend lived together for 18 years. He owned the house by himself. He has two surviving adult children. He always...

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Association nails homeowner with repair bill

Q. We live in a town house. Many of the outdoor structures, fences, etc., outside many of the houses that I've seen are not in compliance...

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Fixed mortgage rates fall to 2011 lows, at 4.60%

Fixed mortgage rates fall to 2011 lows, at 4.60%

Fixed mortgage rates hit the lowest point of the year for the third straight week.

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Gift tax keeps on giving until 2012

Q. In a recent column, you indicated that a giftor's lifetime tax exemption is $1 million. However, after searching this out, I believe that...

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Laws vary in dealing with neighbor's tree branches

Laws vary in dealing with neighbor's tree branches

Q. My neighbor has a Bradford pear tree that is probably about 15 years old. The other night during the heavy wind a branch of the tree...

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Mortgage rates dip again to 4.61% for 30-year fixed

The interest on fixed-rate mortgages edged down for the fifth straight week to hit a new low this year, as mixed indicators from the housing...

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Survey reveals consumer confusion on mortgages

Survey reveals consumer confusion on mortgages

A sizable number of American consumers appear to be clueless about home loans, judging by the responses to a survey by the Mortgage...

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New consumer bureau proposes simplified mortgage disclosure forms

Simpler mortgage forms drafted

The blizzard of complex disclosure forms required in getting a mortgage soon could ease a bit as a new federal agency tries to streamline...

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When a mortgage puts buyer at a disadvantage

When a mortgage puts buyer at a disadvantage

For homebuyers who need to finance their purchase using a mortgage, a cash buyer can be their worst enemy.

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These days, buying a home wins over renting

These days, buying a home wins over renting

For the first time in years, buying a home may beat renting.

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Property owner divided on how to deal with fence

Property owner divided on how to deal with fence

Q. I am a 78-year-old single woman living alone. Some weeks ago, my next-door neighbor fenced in his backyard with Gothic picket fencing....

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Beware of timeshare maintenance fees

Beware of timeshare maintenance fees

Q. My husband and I bought a time share years ago, and over time we upgraded and then converted to the point system. In that time, the...

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Quitclaim could be a major misstep

Q My dad passed away in 2009, and yet his name is still on the title to my parents' property as well as a mortgage and home equity line of...

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Buyer finds pitfalls in seller's financing arrangement

Q. I purchased a condo in January 2009 and was able to get a second mortgage through the sellers to help me purchase. Dealing with the...

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How to polish your credit score

How to polish your credit score

Sherelle Villacorta had a good credit score, but like many people she wanted a higher score.

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IRS tax guide should be on every reader's top 10 list

Q. I was wondering if you could list your top five to 10 real estate-related books.

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HUD drops harsh rule on reverse mortgages

HUD drops harsh rule on reverse mortgages

The Department of Housing and Urban Development has thrown out a rule it put in effect in 2008 for reverse mortgages that was causing grief...

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Pay state fee to get loan off records

Q. I own a manufactured home and recently paid off my chattel loan. However, to clear the lien, our secretary of state requires that I pay...

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When the mortgage market goes private

In a rare instance of like-mindedness across the political spectrum, most everyone agrees that Fannie Mae and Freddie Mac, the infamous...

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Prices are low! Mortgages cheap! But you can't get one

Prices are low! Mortgages cheap! But you can't get one

NEW YORK (CNNMoney) -- Yep, mortgage interest rates are low, but there's a catch: It doesn't matter how cheap rates are if you can't get a...

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How to drive the hardest bargain

How to drive the hardest car bargain

Most new-car shoppers know that if they pay invoice price for a vehicle, they're getting a bargain. But does that mean the dealer makes no...

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Search for real estate document likely will reach dead end

Q. I seem to have misplaced my HUD-1 form when we bought our house back in 1972. What can I do to obtain a copy and where?

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Make your expenses count when job hunting

Job hunting? Make your expenses count

When you're out of work, the last thing you need to do is waste money.

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Tenants refuse to pay new owners of foreclosure property

Tenants refuse to pay new owners of foreclosure property

Q. We purchased a foreclosure property. The tenants have not paid rent for the past 18 months while the bank was the owner. The tenants...

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Obama administration officials' personal finances 'more or less appropriate,' investing experts say

Obama administration officials are trying to steer the nation out of its biggest financial crisis in decades.

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Is lender being upfront about fee?

Q. On July 30, I had settlement on the purchase of my first home. It was an FHA mortgage and the mortgage insurance premium (MIP) was...

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THE JOURNEY

Janet Kidd Stewart if Your Money columnis. Have a retirement question? Write to yourmoney@tribune.com, or via mail at Your Money,...

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Surviving layoffs may mean new job responsibilities

Surviving layoffs may mean new job responsibilities

Congratulations--you dodged layoffs, at least this time around. So why is the boss at your elbow wanting to talk? Because the job you've...

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GAIL MARKJARVIS

Gail MarkJarvis is a financial columnist at the Chicago Tribune. E-mail her at gmarksjarvis@tribune.com.

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Illinois Interest Rates