Dec 9th 2010 1:43PM
Think it's tough to qualify for refinancing your existing mortgage? So does Richard Shin, a Queens attorney with good credit and great income who was turned down by his original lender when he wanted to refinance his 30-year-fixed rate mortgage on his single family brick home to a 15-year-mortgage with a lower interest... Continue Reading »
Dec 9th 2010 1:43PM
During this recession lenders are cutting the umbilical cord to the funds as homeowners with a HELOC have a high likelihood of being severely delinquent on their mortgage payments, according to a November 2010 study by TransUnion, a credit management information company. The study indicated that under certain circumstances... Continue Reading »
Dec 9th 2010 1:43PM
Home values sank, the stock market plummeted, 401K plans were depleted, and today many of the nearly 40 million Americans in retirement are discovering they may have not been financially prepared for a doomsday scenario. One remedy many Baby Boomers, with their record-high level of home ownership, may not have considered... Continue Reading »
Nov 9th 2009 5:30PM
According to a page one story in today's Wall Street Journal, the wealthy can be just as bad about diluting their home equity as your average Joe, if not slightly worse. Ronald Burkle, a grocery store billionaire and Bill Clinton supporter, has apparently borrowed $56 million against his two homes, including $9 million in... Continue Reading »
Billionaire David Siegel's Unfinished 'Versailles' Mansion in Florida to Resume Construction
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