Word: mortgagee
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Real estate is an incredibly steady investment. Not once since the 1960s, when records were first kept, has the nation's median home price declined in a calendar year. There have been plenty of regional busts, as in Texas following the '70s oil boom and in New England during the...
The single biggest factor for the rise in residential real estate has been mortgage rates at 35-year lows, Hassett asserts. Low rates keep housing affordable despite hefty price increases. He hastens to add, though, that "no bubble" and "no vulnerability" are not the same thing. If mortgage rates jump...
If your 401(k) has been mauled, don't despair. You can still retire comfortably by taking control of your expenses--especially housing costs. One popular way to tap your home equity is through a reverse mortgage. The bank, in return for a claim on your equity, pays you for...
--DOWNSIZE YOUR CAREER As you approach the traditional retirement age of 65, you may have paid off the mortgage and finished with child-related expenses including tuition. You will probably have saved much of what you need for financial security. So trade in your demanding full-time job for one...
After reading their bank statements, many consumers may need a stiff drink. Perhaps with that in mind, Smile, a British online bank owned by the Co-operative Bank, has launched drinks2u, a home delivery service of alcohol, supplied by Co-op supermarkets. But Smile's management also has reason to...