Counseling Improves Mortgage Payment Success

If you or someone you know is having trouble paying each month’s mortgage payment, you may want to consider foreclosure prevention counseling. Data released by NeighborWorks American finds that a homeowner working with a housing counselor is nearly two times more likely to avoid foreclosure than those who don’t.Ā  Counseled borrowers also tend to lower …

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Refinancing now could be better than waiting for mortgage rates to drop further

Refinancing now could be better than waiting for mortgage rates to drop further Mortgage rates on 30-year, fixed rate loans are hovering near the lowest level on record since 1951. While some home buyers are putting their home purchases on hold hoping rates will go even lower, many industry experts are advising homeowners with rates …

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September Existing-Home Sales Show Another Strong Gain

Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of RealtorsĀ®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, jumped 10.0 percent to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million in August, …

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Manage your money like a woman

Women typically earn less yet live longer than men, which suggests they need a different financial plan. Here are 13 strategies to ensure a comfortable retirement: Family finances: Cut off your kids Sure you want to help your children. But women too often lend a hand at the expense of their own long-term security: Half …

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