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Smart home sellers opt for pest inspection

By Dian Hymer, Monday, April 30, 2007.

No one wants to buy a house that's riddled with termites. So, a termite inspection -- technically an inspection for damage by any kind of wood-destroying organisms -- is usually done at some point during the course of a home sale.

Loosely referred to as a termite inspection, an inspection for wood pests covers such organisms as dry rot, fungus, wood-boring beetles, carpenter ants -- to name a few -- in addition to termites. Who pays to repair the damage varies, often depending on market conditions.  more...

Adjustable-loan shocker hidden in fine print

By Jack Guttentag, Monday, April 30, 2007.

"I have recently heard advertisements for mortgages with the disclaimer that the 'payment rate is not the interest rate.' How does that work?"

The interest rate is the rate used to calculate the amount of interest the borrower owes the lender each month. The payment rate is the rate used to calculate the amount of the payment the borrower is obliged to make each month. On most mortgages, they are one and the same, which is why it may be confusing when they are different.  more...

Housesitter's to-do list: Squat and conquer

By Robert Bruss, Monday, April 30, 2007.

Editor's note: Robert Bruss is temporarily away. The following column from Bruss' "Best of" collection first appeared Sunday, April 16, 2006.  more...

 
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