March 28, 2024
Loans

Assumable mortgages are easier to find in these cities — but there’s a catch

Assumable mortgages, or home loans that pass on their mortgage rate from a home seller to a buyer, are considered an attractive option these days: They effectively allow buyers to inherit a far lower interest rate at a time when mortgage rates are higher than 7%. And while these loans are relatively hard to find

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Mortgage

Commercial Mortgage REITs Weathered Another Quarter. They’re Cheap Again.

The year-end reports have come in from a cadre of lenders who hold loans on some of the more troubled kinds of commercial real estate. The December quarter wasn’t easy for mortgage real estate investment trusts like Starwood Property Trust and Blackstone Mortgage Trust . Earnings calls among the dozen or so members of this

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Mortgage

My dad wants to take out a mortgage and has tried, unsuccessfully, to have Sallie Mae release him as cosigner on my $153,000 student loan. What can we do?

I thought it was a federal loan because I believe they did both types of loans. I started paying back the $153,000 interest-only loan in September 2022, while my dad paid towards the principal and the balance increased. They removed the interest-only repayments after several calls were made regarding the balance not being reduced.  My

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