Best bet is Paying down mortgage
Our savings are in tax-advantaged retirement accounts, totaling about $950,000. The balance on our mortgage is about $500,000, but it is at a low interest rate (3.875 percent), and with the mortgage-interest-tax deduction, I'm not sure that's the best ... [...]
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Risk flags emerging markets
In 2011, then-Federal Reserve Chairman Ben Bernanke noted that “developing and emerging market economies now account for more than one-half of global economic activity.” The term “emerging markets” was coined by the World Bank. Generally, they are ... [...]
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Welcome home: Tim McGraw awards mortgage-free houses to military veterans
Country superstar Tim McGraw continues to make military veterans feel at home in a spectacular way: by awarding them and their families mortgage-free houses. Military Appreciation Ceremony at THE PLAYERS Championship Getty Images. Teaming up ... [...]
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Paying down mortgage trumps tax deductions
They total about $950,000. One obvious option for our windfall is to pay down our mortgage a bit. The outstanding balance is about $500,000, but it is at a very low interest rate (3.875 percent), and with the mortgage interest tax deduction, I'm not ... [...]
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Developers accused in $16M mortgage fraud
Two real estate developers and four of their alleged associates were indicted by a federal grand jury yesterday on charges that they participated in mortgage fraud resulting in the loss of more than $16 million to banks, mortgage lenders, Fannie Mae ... [...]
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Mortgage crisis still persists in north St. Louis city, county
As the St. Louis area steadily recovers from the real estate bust that began in 2007, many communities still bear the heavy burden of distressed mortgages and slumping home prices. For the region, including the Metro East, 3.15 percent of home ... [...]
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Campaign to Select Veteran for New, Mortgage-Free Home
HARRISBURG — One lucky veteran living in the Charlotte area will soon be selected for a free home. Operation Homefront and Meritage Homes will cover the mortgage of a brand new, custom built home for a veteran with disabilities. The application ... [...]
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Paying down mortgage is more important than tax deductions
They total about $950,000. One obvious option for our windfall is to pay down our mortgage a bit. The outstanding balance is about $500,000, but it is at a very low interest rate (3.875 percent), and with the mortgage interest tax deduction, I'm not ... [...]
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Exotic Mortgage Loans Are Making a Comeback: Should We Be Worried?
While applying for a mortgage recently, I was rather surprised at some of the loan options I was offered. Banks are now offering interest-only mortgages, balloon loans, and stated-income loans, and that's just what I found in my brief shopping experience. [...]
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