Word: mortgagee
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FLIP TAX Property flipping--buying a home, renovating it and reselling it at a higher price--is smart business. But a recent Senate investigation found that this practice--with a fraudulent twist--is on the rise in major cities. Shady brokers are flipping properties using inflated appraisals and falsified renovation...
Sure, you've bought a few CDs on the Internet, but have you ever signed a lease online? Closed a mortgage? You will. Last week Congress passed a bill that will make electronic signatures as legally binding as the pen-and-paper kind. If it becomes a law, you'll...
McAuliffe is the rare moneyman who has linked his personal life with his President. Not since Hollywood mogul Arthur Krim roamed the Lyndon Baines Johnson White House has one fund raiser done so much for one political family. He has raised more than $300 million for Clinton causes, including the...
--Mortgages. This is no time to lock in a 30-year fixed rate. "That would be insane," says Jeffrey Cohen of financial planners Siller & Cohen in Tarrytown, N.Y. Mortgage rates are already at five-year highs. There is a good chance that they're peaking. If the Fed's pre...
Cohen advises looking into a hybrid mortgage like a 5/25. You get the near-term protection of a fixed rate for five years, and then the rate floats to market levels. Odds are that rates will move down within five years and you'll be able to refinance. Avoid one...