January 9, 2017

January 9, 2017

On Divorce Day: is your business protected? – A divorce is one of those things you don’t anticipate, plan or want to be party to. It’s tough to go through, especially when children are involved, but throw a business into the mix and there will be even more to consider.

Mortgage rates retreat for Monday – Multiple key mortgage rates dropped today. The average rates on 30-year fixed and 15-year fixed mortgages both declined. The average rate on 5/1 adjustable-rate mortgages, or ARMs, meanwhile, also slid lower.

Buried in Christmas debt? Look to consolidate your debts – With the housing market mostly recovered from the crisis, banks are more likely to offer home equity lines of credit than ever before. The interest rate on a home equity line of credit can be as low as 3 percent. However they are effectively a second mortgage on your house and should only be used for large, unexpected expenses.

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MEDIATOR OF THE MONTH: Jeffrey Grayson
January 9, 2017