- Home Improvement: Home Equity Line of Credit versus Mortgage Refinance
Making home improvements, home remodeling, adding onto a home and debt consolidation are some of the most popular reasons people cash out on their home equity. But the question is, which should you choose, mortgage refinancing or a home equity line of credit (HELOC)?
- Home Equity is Not Savings
Yesterday on CNBC's "Closing Bell" my bullish opponent in a "Bull vs. Bear" debate rebutted my argument that Americans saved too little by claiming that the methodology used to calculate savings was flawed as it omits the accumulation of home equity.
- Debt Load Makes Americans Vulnerable
Low interest rates, especially since the end of the 2001 recession, have fed the debt beast at home, allowing American consumers to accumulate nearly $11 trillion in debt as they buy more homes, more cars, more clothes, more dinners out.
- Greenspan's philosophy assailed Hands-off approach blamed for bubbles
Federal Reserve Chairman Alan Greenspan's hands-off policy toward soaring stock and housing prices may be one part of his legacy that doesn't last long beyond the end of his term in January.
- Rates on 30-Year Mortgages Decline
Rates on 30-year mortgages declined for a second straight week as low mortgages continued to fuel the country's housing boom.
- Why rising interest rates haven't sunk the real estate market -- yet
Rising interest rates are supposed to be an economic sedative, but the hyperactive real estate market has retained its vigor even as the prime lending rate has climbed to a nearly four-year high.
- Experts agree housing slowdown will hit San Diego, but differ on depth
Local experts who watch the housing market agree that a price slowdown in California and San Diego will occur, but disagree over the cause and the market that will result.
- Real estate market remains strong
Don't think for a New York minute that Bonner County 's real estate market, which took off like a Roman candle 16 months ago is coming to the end of its wick.
- Mortgage rates hit six-month low
Long-term mortgage rates sank to a fresh six-month low this week, Freddie Mac reported Thursday.
- Huge mortgage could come back to haunt you
It was a soothing message: The United States is "not in the midst of a home-price bubble," Federal Reserve Chairman Alan Greenspan said recently, arguing that soaring home prices are not at all like the soaring Internet stocks that collapsed four years ago.
- Mortgage myths can be costly
Do you believe that you can't borrow money to buy a house if you have some dings on your credit? Do you think it's always best to pay off the mortgage early? If so, you subscribe to mortgage myths that can cost you money.
- Worried about your retirement plans? Get a report card
With something as complex as planning your finances in retirement, it makes sense to go back to the basics. And what's more basic than A, B, C, D and F?
- Credit counseling? Proceed with caution
Part of my role in the Queen Creek Chamber of Commerce is to help entrepreneurs start a business.
- 'No doc' mortgage fit couple's circumstances
A few months ago, my husband and I were first-time home buyers who had trouble getting pre-approved for a mortgage, as you often recommend.
- Retirement is top priority, but savings too low, fund survey finds
A recent survey found that mutual fund ownership is on the rise after two years of decline, an encouraging signal that Americans are starting to save more money.
- For best results, focus on allocation on your investments
I am astounded, turned off and shocked by your statement: "I choose not to invest in individual stocks because I prefer the diversification of mutual funds and because I do not feel qualified to select individual securities."
- 40-year-fixed mortgage might be worth a look
If you could, would you take out a 40-year fixed rate mortgage?
- Tapping Your 401(k) with Plastic
Allowing ultra-easy borrowing via credit card from retirement savings sounds dangerous. However, it may also have some important benefits.
- Freddie Mac eyes new, existing credit derivatives
Freddie Mac (FRE.N: Quote, Profile, Research) is looking at new and existing credit derivatives to help manage any shifting risk...
- US 30-,15-yr mortgage rates lowest since early Apr
Interest rates on U.S. 30-year and 15-year mortgages fell to their lowest levels since early April...
- 4 credit-scoring myths
There's a lot of misinformation being propagated about what does and doesn’t hurt your credit score, and much of it is coming from sources who should know better: mortgage lenders.
- Markets Mixed on Election Worries
U.S. blue-chip stocks edged higher on Monday, while the broad market was almost unchanged as investor uncertainty about the outcome of the presidential election offset relief that crude oil fell below $50 a barrel.
- Dollar Dithers Ahead of Election
The dollar dipped against the yen and edged up versus the euro on Tuesday, but moves were restrained as traders held off making large bets on the currency ahead of the U.S. presidential election.
- Pay off mortgage before retirement
I am on the threshold of retirement. How do I correctly understand the benefits of continuing with a mortgage versus paying it off?
- MBNA to Buy AmSouth Credit Portfolio
Financial services giant MBNA Corp. reported Monday it agreed to buy the $550 million credit card portfolio of regional bank holding company AmSouth Bancorp.
- Retirement payouts not always predictable
IF YOU'RE on the cusp of retirement, the No. 1 question on your mind is: How much of my savings can I spend per year without the money running out before I die?
- Treasury Debt Prices Extend Losses
Treasury debt prices extended losses late on Tuesday as early election results showing Democratic challenger John Kerry trailing President Bush encouraged stock futures.
- Credit Scoring Models Getting Analytical Adjustments
"After 9/11, the whole economy changed," says Christine Pratt, analyst at TowerGroup (Needham, Mass.). "The mix in the portfolios changed, the borrowers changed and the risk in the borrowers changed."
- Treasuries Follow Oil on Slippery Slope
Treasury debt prices slid on Monday as a sharp retreat in oil prices below $50 a barrel suggested energy might take less of a toll on U.S. economic growth than previously thought.
- More games the credit-card companies play
Millions of Americans who carry credit-card balances won’t benefit from the latest Federal Reserve cut.
- Manufacturing Edges Up in October
The U.S. manufacturing sector expanded last month but at a slower pace than economists had forecast, a report showed on Monday...
- U.S. Consumption Rises 0.6 Pct in Sept.
U.S. consumer spending climbed 0.6 percent in September, in line with expectations, as shoppers splashed out after showing restraint the month before, government data showed on Monday.
- Leaving your job? Leave 401(k) alone
One of the biggest mistakes young workers can make is to cash out their retirement account when they leave a job.
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