Jul 6th 2010 10:17AM
Now that major banks including Bank of America, Wells Fargo, and MetLife Bank have eliminated fees for reverse mortgages, borrowers are taking another look at this option for financing retirement. While a reverse mortgage sounds like a good deal -- you get to stay in your home and tap your equity, rather than... Continue Reading »
Jul 2nd 2010 4:37PM
The wrong way to use your home equity line of credit: purchasing $1,300 worth of ties, as the current court case of former Illinois governor Rod Blagojevich and his wife, Patti, recently revealed. According to court documents, the governor and his wife were using credit cards and home equity to finance a lifestyle they... Continue Reading »
Jul 2nd 2010 8:28AM
Key Video Takeaways David and Lia are like many of the 86.3 percent of college graduates who had to borrow money to pay for a four-year undergraduate education. Now they worry about how that might affect their chances for buying a home. The average cumulative debt of America's loan-taking undergraduates is $24,651,... Continue Reading »
Jun 30th 2010 11:22AM
Michael Jackson lives on through a mountain of real estate debt still on the books at the one-year anniversary of his passing. Due to this and other deficits, his personal estate's money woes remain steep and still affect the family members he left behind. With little liquidity floating around, eyes are on Jackson's real... Continue Reading »
Jun 15th 2010 2:45PM
Federal Reserve Chairman Ben Bernanke has been cautious yet deliberate with his words as he's outlined the direction the Fed likely will take over the next few years. Bernanke believes that stimulus funding and similar programs need to stop so that we can start addressing America's "unsustainable" debt levels. So how will... Continue Reading »
