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Refinancing fumbles: as more homeowners take advantage of low interest rates, overworked banks and mortgage brokers are making errors that could cost you
Never mind baseball--with interest rates at near-record lows, refinancing has become the national pastime. In 2002, roughly $2.24 trillion worth of home mortgages were financed, and nearly 60 perce...(Continue Reading)Mortgage interest deductibility and housing prices - Industry Overview
The tax deduction for home-mortgage interest subsidizes home ownership, but some tax reform proposals include provisions for eliminating it. Will ending ......(Continue Reading)Interest-free? Call that a bank? - the growing trend toward ethical banking, a practice long offered by Islamic financial services
It may not be long before a high-street bank near you offers Islamic financial services. The Bank of Scotland made the headlines recently when it withdrew from a deal with the US televangelist Pa...(Continue Reading)Lower rates lure institutional borrowers back into the market - interest rates; Barron's/John B. Levy & Co. National Mortgage Survey
Barron's/John B. Levy & Co. National Mortgage Survey findings puts its 10-year benchmark prime rate at 7 and 3/4%. The declining interest rate is likely ......(Continue Reading)Will it pay to prepay your mortgage? Here's a problem we all should have: your house is mortgaged, but you have enough cash available to pay off the loan
Many veterans find themselves in this enviable position. A lifetime of hard work has allowed them to sock away an appreciable amount of money. Or perhaps ......(Continue Reading) |
