Types Of Bankruptcy

Mortgage deduction on block? (San Francisco Chronicle)  President Bush's Advisory Panel on Federal Tax Reform is likely to propose next week a change in the deduction for home-mortgage interest that, if adopted by Congress, would have a


Lindsay man charged in taxi licence scam in Durham  A former Pickering bylaw officer may have raked in as much as $250,000 selling fraudulent taxi licences, Durham Regional Police say.via


Buying Cheney’s Blunder  read more...


A Real Boom for Investors  The climate is ripe for an increase in the number of American homes going into foreclosure.Commentread more...


Special section: Yawkey House restoration  A special section inside printed editions of today's Wausau Daily Herald chronicles the $3 million restoration of downtown Wausau's Yawkey House Museum.read more...


Retailers Post Disappointing Feb. Sales   The nation's retailers had a slow start to the spring season as unseasonably cold weather in February chilled demand for lightweight apparel and left merchants with disappointing sales.Commentread more...

August 24th, 2007

Managing a mortgage after retirement (Los Angeles Times)

Paying down the balance and refinancing may not be the best choice. Invest smart to mitigate monthly payments. Question: I am 58 and just purchased the home in which my wife and I plan to spend the rest of our lives. We paid points to reduce the rate on a 30-year fixed-rate mortgage to 4.75%. I am, however, feeling very insecure. The payment is affordable now, but I plan to retire in seven …

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