Word: mortgagee
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Still, there's plenty of bad news to go around. The soaring cost of energy has begun to ripple through the economy, signaling a near-certain end to the glory days of zero-percent car loans and 5.5% fixed-rate mortgages. Some deals are still out there: Ford is desperately...
All over the devastated parish, families are trying to decide whether to stay or move on. "At first, people think they're going to fix their homes," says councilwoman Judy Hoffmeister, shaking her head as she watches a friend, Calvin Melerine, 66, shovel mud from his two-story home and...
Or, worse, nothing? Flood insurance offered by the Federal Government is required by most lenders before they will provide a mortgage for a house in a flood-prone area. But that insurance has a cap of $250,000 or 80% of the replacement cost of the home, whichever is less...
Where many boomers--as well as many Americans in general--are getting into trouble is in using their home as their personal ATM. "We're seeing more people get new mortgages in order to consolidate debt or buy a new car, for example," says Jim Nabors, president of the National...
For Norm Bour, the most recent refinancing with cash back has not only cut his monthly mortgage payments but also allowed him to trim the interest rate on three other loans, freeing a total of $1,500 a month. He intends to put that $1,500 toward principal, paying off...