Mortgages

Subscribe to Mortgages RSS

Unlearning Investment Fears

Submitted by Dan Crimmins on Monday, October 6, 2014 - 12:00pm

Growing up with their parents’ scary tales of Depression hardship, the generation now approaching retirement age grew up to be wary of investing and owning debts. This means missing out on returns and losing the value of savings to inflation.

The squirrels brought this lesson home for me. Like many others in suburbia, my wife and I had a squirrel problem. We tried various things to keep the creatures out of our garbage cans, with no success. They ate through the covers. Even after we built a wooden shed to house the garbage cans, they got in there, as well.

Retiring Mortgage Free

Submitted by Josh Patrick on Thursday, October 2, 2014 - 12:00pm

How often do you think about paying off the mortgage? Retirement may be harder if you still have debt. Ideally, you should enter retirement as free from a mortgage as possible. Here’s why and how.

Not having a mortgage reduces your overhead. That is to say, you need less money to live. You lower your personal break-even point. With limited income in retirement, this is always a good thing. Say your mortgage is $1,500 per month. If you pay it off before you retire, you have $18,000 more per year in your pocket.

Buying Versus Renting a Home

Submitted by Hilary Hendershott on Wednesday, September 11, 2013 - 3:00pm

Wondering if it’s better to buy or rent? You’re not alone. We have long been conditioned to view homeownership as an uncontested good, but the housing market took a serious hit during the Great Recession. Now that home values are recovering, will the American Dream of homeownership regain its luster?

The Costs of Loans

Submitted by Kimberly J. Howard on Wednesday, June 11, 2014 - 3:00pm

No dodging it: You will probably need to borrow money sometime in your life. Different types of loans come with varying degrees of risk and price, no matter what your income level. Best you know all the catches of a loan before signing on the dotted line.

Most loans are either secured or unsecured. Lenders assume more risk with unsecured loans because they can collect no collateral if you default. Bad loans help drive interest rates’ fluctuation, as lending companies try to recoup lost or dwindling revenues.

Why Pessimists Should Relax

Submitted by Ray Ferrara on Wednesday, June 11, 2014 - 9:00am

Lately, an increasing number of doom and gloomers are sounding off. They worry about the sluggishness of the U.S. economic recovery, an increase in interest rates and a decline in America’s place in the world, especially as China rises. They should relax.

4 Procrastination Mistakes

Submitted by Adam D. Koos on Wednesday, May 14, 2014 - 12:00pm

We’re all busy. There is always some new item on our constantly growing to-do lists. Some tasks are fun to take on; others are tedious, boring, long or all the above. But some of the most important to-do’s in our lives often get overlooked because – well, let’s face it – they’re not all that fun.

Here is the top four, in declining order. See if you are dragging your feet in any of these areas. If so, quit putting off making the necessary fixes. You will be glad you acted.

Pay Off Your Mortgage Early?

Submitted by Sterling Raskie on Tuesday, May 13, 2014 - 3:00pm

As you pursue the American Dream of buying your first or next home, is it a good idea to pay down your mortgage – depleting part of your investment portfolio to eliminate the debt – or keep making the normal monthly loan payment and have more money in a stock market that offers potentially higher long-term returns? Both moves offer advantages depending on your unique situation.

Good Yields But Hard to Sell

Submitted by Lewis J. Walker on Tuesday, May 6, 2014 - 9:00am

What to do in a time of low-yielding investments? One answer is non-traded securities with holdings in real estate, private equity and other assets. They pay out in the mid- to high single digits, far more than almost anything else. The downside: Selling them, should you need to raise cash, is hard.

You Call That Tapering?

Submitted by Matthew Illian on Wednesday, April 2, 2014 - 9:00am

On the surface, the Federal Reserve appears to be diminishing its overwhelming presence in Treasury and mortgage-backed securities, by pulling back on its bond-buying program. But it isn’t. Little-appreciated fact: While it may be tapering down the purchases, it still is sitting on a huge pile of bonds that it isn’t drawing down.

Pages