mortgages

A former employee recently asked me about mortgage gift letters. She had just accepted a new job and would thus be buying a new house in a different area. “My father-in-law is giving us some money to help with the down payment. Our realtor mentioned that the bank will probably […]

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Would you be surprised if I told you that paying off your mortgage hurts your credit score? Well, it’s true. I mentioned this in passing when talking about getting free access to your credit score from Barclaycard, but thought that it was worth a mention of it’s own… For background, […]

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This is just a quick note to let you know that the ever-popular USAA has decided to reverse course and is no longer offering their financial services to non-military individuals. For background, USAA was founded in 1922 as a military-only insurance outfit and eventually grew into a full service financial […]

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A reader named John recently asked about the wisdom of buying I-Bonds vs. using that money to make mortgage pre-payments. If I have a mortgage, would it not make sense to pre-pay it rather than buy I-Bonds? Or am I missing something? This is an excellent question. In fact, it’s […]

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Interest Rates and Unemployment

by Michael on Dec 13, 2012 · 2 comments

At long last, the Federal Reserve has finally given us a better indication of when we might expect interest rates to start to rise. As long as inflation remains low, we can expect the Fed to work to keep interest rates near zero at least until unemployment drops below 6.5%, […]

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