Types Of Bankruptcy

Fannie Mae Faces Work After Restatement   Mortgage giant Fannie Mae has taken a significant stride in its march out of a accounting scandal by completing a restatement of past earnings but still faces tough work to


Are You in the Right Mortgage? (Arkadelphia Daily Siftings Herald)  (ARA) - Most people who buy a home put their mortgage in a drawer -- they close on the loan and make their payments every month and don't think about


Top 2% of Market Still Selling As Overall Sales Volume Falls  Multimillion-dollar-home purchases aren't lagging despite an apparent real-estate slowdown. What's driving this trend? Rising prices have made seven-figure residences more common, and the rich are seemingly more insulated from market


Police Brought In On Unruly IndyMac Crowd  Police were called in Tuesday to tame an angry throng of IndyMac Bank customers trying to pull money out of the Encino, Calif., branch on Day 2 of a federal


Champion Mortgage may be sold by KeyCorp (bizjournals.com via Yahoo! Finance)   KeyCorp is considering the sale of Champion Mortgage, its nonprime retail mortgage subsidiary.read more...


Bank of England must tread carefully Fast on the draw  HOME-OWNERS, retailers and manufacturers will today be breathing a collective sign of relief.read more...

September 22nd, 2007

Investing inheritance better idea than paying off mortgage (Canton Observer)

Dear Rick: I’m 30 years old and just inherited $25,000. My dad says I should invest the money. My mother thinks I ought to pay down my mortgage. I owe approximately $100,000 on my mortgage at 5 percent. What do you recommend?

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