Benny's Stories

DEAR BENNY: What is a "hard money" loan? –Irene

DEAR IRENE: Technically, it is a loan that is given in exchange for money, rather than to assist a consumer in buying a house. The latter would be called a "purchase money" mortgage.

Mar 26
5 requirements must be met
Mar 19

DEAR BENNY: What are the pros and cons of a deed-in-lieu of foreclosure? –Tom

DEAR TOM: A deed-in-lieu is where you give the deed to your house to your lender and the lender does not foreclose. Thus, the concept "in lieu," meaning "instead of."

Mar 12
Retaining tax benefits a top concern
Mar 5
3 things to do once your loan-to-value ratio hits 78 percent
Feb 26
What to do before you die to protect heirs from hefty annual fees
Feb 19
Per-diem interest critical when calculating final payment
Feb 12
When signing IRS Form 4506, specify dates of returns you've provided
Feb 5