Q: Three years ago, my son purchased a house. I am the lender for his mortgage. Last year, unable to resist a low interest rate, I took out a bank mortgage on my own home. Both my son and I pay about $6,000 in interest annually. So, effectively, $6,000 passes into and out of my hands.
While most states rely heavily on three sources of taxes, many of the lowest-tax states for residents generate tax revenue in ways that do not financially burden those residents in a direct way.
Saving money is about changing your lifestyle and doing it cold turkey is never sustainable. If you cut these expenses that you’re not likely …
2020 will go down in history for many things, but one thing it won’t be recognized for: being the easiest year to buy a first home. This year’s super-low mortgage…
Homeownership is becoming less and less attainable due to rising home prices. But while the cost of homeownership is high, renters often face an even heavier financial burden.
Amid record-breaking unemployment numbers resulting from COVID-19, millions of Americans are struggling to make their mortgage payments in 2020.
Photo Credit: Alamy Stock Photo
Despite decades of record-setting home sales, owning a home has become increasingly difficult for the average worker. Mortgage interest rates are historically low, yet hourly earnings have failed to keep pace with rising housing costs
Q: Is it possible for you to refer me to a mortgage lender? I’m a single woman who would like to refinance the condominium I’ve lived in for the past 15 years. I have excellent credit. My monthly income seems to be a little shy of what lenders are looking for, by about $200 per month. My mortgage payment history is excellent.
WASHINGTON (AP) — A critical snapshot of the job market and the economy to be released Friday is expected to show a further slowdown in hiring as the nation's viral caseload creeps higher and as government financial aid has faded.
Are you concerned about your family’s income, as well as extended family members’ income? Here are some ideas for acquiring needed money.
Dr. Jonathon Hanson, University of Michigan, weighs in on the challenges the coronavirus has brought and will continue to bring to the average Americans’ income. A look at past presidents like Jimmy Carter and Barack Obama and how crises affected their campaigns. Will the coronavirus hurt or help President Donald Trump’s reelection campaign?
Dr. Jonathon Hanson, University of Michigan, weighs in on the challenges the coronavirus has brought and will continue to bring to the average…
TRUMP: "If our formally targeted farmers need additional aid until such time as the trade deals with China, Mexico, Canada and others fully kick in, that aid will be provided by the federal government, paid for out of the massive tariff money coming into the USA!” — tweet Friday in all capital letters.