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Your Options If You Have an Underwater Mortgage
So, You Have an Underwater Mortgage… A mortgage foreclosure can damage your credit for up to seven years. Even if you do not anticipate buying another home during those seven years, you may still need...
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Underwater Mortgages: Is There a Way Out?
Underwater Mortgage (əndərˈ wôtər môrgij) Meaning: When a mortgage liability is greater than the fair market value of the property financed, resulting in negative equity for the homeowner. But, What...
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Rent vs. Buy
Yesterday I heard a financial pundit state that because houses aren’t appreciating to the degree that they have in the past there is currently no compelling reason to buy vs. rent. Further, you should...
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Pay Off Your Mortgage, Or Not?
Party Time! Last month we were invited to a mortgage burning party. What a significant rite of passage for any boomer! Good for them! Paying any interest is always a bad thing, right? Well, not...
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Should I Refinance My Mortgage?
Every Monday you will find a new feature post at Boomers Take Stock, titled “Monday PC”, questions from readers – on subjects that are likely of interest to you too — or summaries of reader’s views...
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Reverse Mortgage: How It Works
Last week while checking the mailbox, I chatted with Charlene, out for a daily walk with her husband’s beagle, Snoopy. I asked about her husband, Don, who is being treated at a rehabilitative nursing...
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