worried worker: spend savings on mortgage?dear dr. don,i am a 34-year-old new yorker who works in the banking industry. i own a small studio apartment that i bought when i was 27. i have $134,000 left on the mortgage at 5.625 percent interest. ...mortgage rules prove too strict for some retireesit’s a mortgage problem that is likely to intensify as home-owning baby boomers by the millions shift into retirement: although they may have significant financial assets tucked away in retirement accounts, their diminished monthly incomes may not be sufficient to meet some lenders’ hyper-strict underwriting rules. read full article >>everything you should know before locking in your mortgage ratethink outside the bank.freddie mac announces prepayments in certain mortgage participation certificatesmclean, va., may 22, 2012 /prnewswire/ -- freddie mac (otc:fmcc) announced today that certain of its mortgage participation certificates (pcs) will shortly experience prepayments in a total amount of approximately ... |
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