Types Of Bankruptcy

Public hearing on ordinance next step for new apartment complex  A public hearing on an ordinance that would provide for a service charge in lieu of taxes for a multi-family apartment building on Ayer Street is scheduled for today at


Bollard tugs on inflation reins  Mortgage interest rates are almost certain to rise again next month, after a stinging inflation-fighting speech from Reserve Bank governor Alan Bollard warning of the risk of a property slump.read


Refinancing into an interest-only mortgage  Dr. Don advises a reader who is thinking of refinancing into an interest-only mortgage to reduce her monthly payments and free up some cash.read more...


Mortgage Rates Inspire Buyers (The Tampa Tribune)  Low mortgage interest rates are buoying the housing market even as experts are debating whether the market has hit bottom.read more...


Zonta Walk offers holiday ideas  Gary Pasek hangs around 18,000 Christmas lights in his yard. "I've been decorating the house and yard every Christmas for 24 years now.read more...


Mortgage data fuel fears on US growth (FT.com via Yahoo! News)   Stocks fell sharply and goverment bonds rallied on Tuesday as further bad news from the beleaguered US mortgage sector fuelled concerns over growth prospects for the broader economy.read more...

August 25th, 2006

Idle Equity? A Reverse Mortgage Could Be the Answer.

Q: DEAR BOB: My husband and I, ages 74 and 77, live in our home worth about $900,000 for which we paid $125,000 in 1978. We have a remaining mortgage of $44,000 at 5.25 percent interest with $330 monthly payments. But we dislike sitting on all that “dead money” in our home equity.

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