February 16, 2018

Should I use my savings to pay off credit card debt? – Folks who have zero tolerance for debt, like radio host and author Dave Ramsey, will tell you to take everything but $1,000 bucks and throw it at that debt. Others will tell you to keep your emergency savings stash and set a budget to pay off the debt.

Mortgages get more expensive as rates hit near 4-year peak – The cost of borrowing for a home keeps going up, a potential obstacle to would-be buyers at a time when home prices are at all-time highs in more than half of major U.S. markets.

What Every Real Estate Investor Needs To Know About Apartment Property Managers – If you are looking for a way to diversify your portfolio while building wealth for the future, buying an apartment building could help you achieve both goals. There are enormous advantages to owning rental property, and investing in a fully-rented apartment building could bring you a steady stream of rental income — money you could use to supplement your retirement income, boost your savings and help you prepare for the future.

February 9, 2018

Mortgage rates climb to highs not seen in more than a year – According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average shot up to 4.32 percent with an average 0.6 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.22 percent a week ago and 4.17 percent a year ago. The 30-year fixed rate has risen about 40 basis points (a basis point is 0.01 percentage point) since the start of the year and hasn’t been this high since December 2016.

New foreclosures fell to record low numbers in 2017 – There was an increase in total mortgage defaults during the fourth quarter but that rise has to be measured in context of what had been a favorable environment prior to the third-quarter storms.

Japan’s real estate lending slows amid housing glut – TOKYO — Japanese real estate financing retreated 5.2% in 2017, the first drop in six years, with banks slowing lending for apartment construction amid higher vacancy rates.

February 5, 2018

Broken hearts: A rundown of the divorce capital of every state – Marriages end over a host of issues, including infidelity, stress, money troubles, and personal changes by one or both partners over the course of a marriage. Divorce can be an emotionally wrenching experience and can fracture families. For many children, divorce leaves scars that never heal.

Personal debt: Why now is a critical time to pay off credit cards – Americans’ debt levels have been growing and interest rates are rising — a combination that could put consumers in a bind if they carry a balance on their cards.

A Truly Digital Mortgage: Are We There Yet? – As we enter 2018, the world of finance is ripe with new technology and online efficiencies, ultimately saving us time and effort. And then there’s the mortgage industry, which is ripe for disruption.

December 22, 2017

What Is a Foreclosure? 4 Things Homeowners Need to Know – What is a foreclosure? When a homeowner doesn’t pay his or her mortgage for an extended period, the bank or entity that lent that money takes possession of the home—which means the current owner must move out.

Four Ways To Make The Most Of Your Mortgage – In this economy, it seems more loans are being taken out than ever before. While that can sound grim, not all debt is bad. When a loan is adequately managed, it can lead to many great opportunities. You are probably already in a position to use credit to your advantage. If you are like most people, you have at least one credit card, a car you’re financing and a mortgage for your home.

The Benefits (And Limits) Of Fintech In Commercial Real Estate – Technology has been hailed as the solution to an ever-expanding range of business problems, with fintech now disrupting almost every sector of the financial services industry.

September 15, 2017

Mortgage Assistance Available In The Wake Of Hurricane Irma – MIAMI (CBSMiami) –  Florida homeowners who may have trouble making their mortgage payments after Hurricane Irma could be eligible for a mortgage loan deferment.

Looking to buy cheap? Consider a foreclosure … carefully – If home owners fail to pay their mortgage and can’t pay off outstanding debt, or arrange with the bank to sell the property at a loss, the home goes into mortgage foreclosure. The process from unpaid mortgage to auction can take more than a year, during which owners often don’t maintain the property. If a home doesn’t sell at auction, the lender, usually a bank, assumes the property and puts it on the market.

I Racked Up $10K Of Debt Traveling The World–Here’s What I Learned While Paying It Off – Credit card debt was a vicious cycle. I could only pay the interest each month, so I never made a dent on the balance. All my cash was going to payments, so I was never able to save. When an unplanned expense cropped up (did I mention I drove a ‘98 Buick LeSabre?) I couldn’t cover it, and had to use the credit card again. Before long, I was in more than $10,000 of debt. I had to make changes, fast.

September 8, 2017

Fifty–fifty split better for children of divorce – Young children whose parents are divorced should split their time equally between both parents’ homes, a study has found.

Why filing bankruptcy may not necessarily stop a home foreclosure – There is at least one thing that you must know about bankruptcy and how it affects home mortgages: A person goes through the bankruptcy process, not the property. That is to say, when you filed for Chapter 7 bankruptcy, you went through the process and the bankruptcy court cleared you of all obligations to pay debts that you owed. The court discharged all of your prior debts.

Mortgage rates follow bond yields down to a 10-month low – Rates for home loans lurched to a fresh 2017 low, trailing bond yields in the wake of new geopolitical fears and lingering monetary stimulus, mortgage provider Freddie Mac said Thursday.

September 8, 2017