Posts Tagged ‘refi’
CNBC: Reverse Mortgages Can Help Preserve Retirement ‘Nest Egg’ in Bear Market
Market volatility that’s been introduced as a result of the coronavirus pandemic has been having a pronounced effect on global markets, and this could lead many people in or near retirement to react strongly and protect their retirement finances. However, experts are cautioning that taking dramatic actions in an effort to protect your investments may…
Read MoreWatch Your Wallet: 7 Hidden Costs of Self-Isolating at Home During Coronavirus
Those who are fortunate enough to still be collecting a paycheck while quarantined or sheltering in place might expect to build up some serious savings. While you work from home, you’re avoiding your usual commuting expenses, and you’re probably saving money by not going to bars, restaurants, and movies, or skipping that vacation to Fiji.…
Read MoreSaving Up for a Down Payment? Here’s Where To Put Your Money
The coronavirus crisis has heightened financial anxiety and uncertainty. But if buying a home has been part of your life plan, there’s no need to panic. Many Americans will receive stimulus payments in the coming weeks, which could ease some of the burden, and if you’re able, now is still a good time to start…
Read MoreMortgage Rates Hit New All-Time Lows—and They May Fall More
There is at least one bright spot for home buyers, sellers, and owners amid the economic mayhem brought on by the novel coronavirus. Mortgage interest rates have fallen to a new record low, a boon to homeowners who may want to refinance and save money, and buyers (if anyone feels like buying a home right…
Read More6 Refinancing Mistakes Homeowners Risk Making Right Now
Between low mortgage interest rates and the coronavirus pandemic sending our economy in a tailspin, many people have recently rushed to refinance their mortgages. But as we all know, haste makes waste—and many of those eager homeowners made mistakes that could cost them tons of money in the long run. So if you’re tempted to…
Read MoreIs It Time to Refinance Your Mortgage?
Worries about coronavirus have battered stocks and sent investors fleeing to the safety of U.S. government debt. On Friday, the yield on the 10-year Treasury note fell below 0.7% for the first time. Earlier this week, the Federal Reserve cut its benchmark rate to a range between 1% and 1.25%. Mortgage rates are expected to…
Read MoreHow to Get Out of Debt in 2020
For many, paying off debt can feel like an insurmountable task. The most common types of debt for Americans include mortgage debt, student loans, auto loans and credit-card balances. Debt can dent one’s ability to save for retirement, may hamper homeownership and impede overall future financial security. While some may be tempted to ignore debt…
Read MoreMortgage Rates Are at 3-Year Lows—Here Are 5 Questions to Ask Yourself Before You Refinance
Mortgage rates are resting near record lows — and that’s spurring a wave of refinancing activity as Americans look to take advantage of the savings a cheaper interest rate could bring. Refinance loan volume jumped to the highest level since 2013 last week, especially among jumbo mortgage borrowers, on the heels of lower mortgage rates,…
Read More