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worried worker: spend savings on mortgage?
dear dr. don,i am a 34-year-old new yorker who works in the banking industry. i own a small studio apartment that i bought when i was 27. i have $134,000 left on the mortgage at 5.625 percent interest. ...mortgage rules prove too strict for some retirees
it’s a mortgage problem that is likely to intensify as home-owning baby boomers by the millions shift into retirement: although they may have significant financial assets tucked away in retirement accounts, their diminished monthly incomes may not be sufficient to meet some lenders’ hyper-strict underwriting rules. read full article >>44% of cook county homes with a mortgage are underwater
almost 667,000 homes with a mortgage in the seven-county chicago area were underwater on their mortgages in march -- and 13 percent of those homeowners were also delinquent on their mortgage payments by three months or more.icba mortgage solutions names ron bricker regional account manager
icba mortgage solutions , a provider of comprehensive mortgage services to help community bank members of the independent community bankers of america originate, process, close, fund and sell residential loans, has named ron bricker as northeast regional account manager.Downsize to a house that you can buy with a better loan, and think about moving up to your dream house some other year, when you can manage the payments more easily.
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