What’s the difference between APR and APY?
The average percentage yield (APY) considers compounding while the annual percentage rate (APR) does not, says Dr. Don.
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Residents lacked proper flood insurance information, analysis shows Tens of thousands of residents along the Gulf Coast who relied on government flood maps to determine who must buy flood insurance were caught unaware and uninsured by Hurricane Katrina
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Choosing the best option for housing in retirement (Reg Req'd) You're sure you can afford to buy into one of those active-adult communities. If you do it now, you'll have the equity from your present house to pay cash.via
Rell seeks to help more in mortgage crisis (Stamford Advocate) Disappointed that more homeowners have not qualified for a state mortgage refinancing program, Republican Gov. M. Jodi Rell yesterday announced changes to make the plan more flexible. read more...
Banks Jettison Commercial-Property Debt The bankruptcy of Lehman Brothers is adding pressure on banks and other financial institutions to sell off their holdings of commercial real-estate debt.read more...
Mortgage, home all tangled up after refinancing (San Jose Mercury News) Q In 1998 we refinanced our home for extra cash to help a failing business. About two months after closing, we discovered all kinds of charges and a higher interest