The credit rating of Atlanta’s airport hasn’t been changed, but the airport’s vulnerability to outside forces may be a factor Wednesday at a special call meeting of the Atlanta City Council.
With the historically low mortgage interest rates over the past few years, the number of refinanced mortgages has risen astronomically. But over the past few months as rates have increased, the number of refinances has dropped just as dramatically.
They say what goes up must come down. The reverse is true of mortgage rates. We’ve been enjoying historically low rates but it seems that they are on the rise.
If someone asked you what type of home you would like to buy, you’d probably know the answer. But if someone asked you what type of mortgage you want, could you answer the question just as quickly?
For more than 35 years, two federal laws (the Truth in Lending Act or “TILA,” and the Real Estate Settlement Procedures Act or “RESPA”) have required lenders and settlement agents to give consumers who take out a mortgage loan separate but overlapping disclosure forms regarding the loan’s terms and costs. This duplication has long been […]
If only the experts could agree. In Monday’s paper, The Wall Street Journal covered five personal finance topics, finding completely opposite opinions on each topic. Should you purchase long-term care insurance? Are variable annuities a good investment? There was even a debate over whether children’s allowances should be tied to chores. Of course the one […]
A homeowner in Florida was puzzled to receive a condolence letter for his wife’s death from his mortgage lender. Why were they sorry for his loss? His wife was very much alive. But because their lender declared her deceased, they were unable to get a loan modification and despite repeated phone calls and a visit […]