-
Posted: June 19th, 2009, 11:00pm CDT
One consequence of the financial crisis has been that repaying your mortgage has become increasingly attractive. Mortgage repayment is a riskless investment that yields a return equal to the interest rate on the repaid loan. If the loan carries a 6.125 percent rate, the borrower earns that rate on the balance repaid. The yields on other investments of comparable risk, including federal ...
-
Posted: June 19th, 2009, 11:00pm CDT
Q: Back in 1996 I built and financed my house for $125,000 with a 30-year, fixed-rate mortgage at 9.5 percent. I refinanced in 1997 at 8 percent and then again in 1999 at 6 percent. The goal, of course, was to reduce my monthly payment along with the implied reduced interest amount that would have been paid had I not refinanced.
-
Posted: June 19th, 2009, 4:37pm CDT
Refinancing is a great way for many homeowners to improve their financial situation - but beware of the downsides.
-
Posted: June 19th, 2009, 12:15pm CDT
June 19 (Bloomberg) -- HeidelbergCement AG , Germany’s biggest cement maker, agreed to a sixfold increase in the interest margin to refinance 8.7 billion euros ($12.1 billion) of loans.
-
Posted: June 19th, 2009, 10:38am CDT
Q. It looks as if we will need to take out a $12,000 PLUS loan to cover the cost of our son's college tuition this year. How will that affect our ability to borrow for other things? -- G.S., Montclair, N.J.