If you downsize in your 40s, and invest that $75,000 in a portfolio with a mix of stocks and bonds with a 6.5 percent annual rate of return, it could grow to nearly $250,000 over 20 years.
I once had occasion to deal with two letters from readers that came in on the same day, both involving lender mistakes in the calculation of the payment. In the first, the payment was set too high but the borrower didn't know it and completely misunderstood the consequences.
If you're interested in relocating when you retire, like millions of other baby boomers, there are a wide variety of free Web-based resources that can help you find and research a new location that meet your wants, needs and budget. Here are several to help you get started.
When John Dang first stepped into the Philippines, he couldn't help but notice the sheer number of new buildings being developed. Dang was excited to be seeing the country changing right before his eyes--he saw an opportunity to be part of this change.
Summertime, and the living is easy. If only the same could be said about selling your New York home.
Finding your own mortgage online can result in lower costs and better decisions than taking the easy path, provided that the website or sites that you shop have the right features.
Buying a home is a financial goal that has been delayed for many Americans thanks to the recent recession. With the economy continuing to strengthen in 2015, however, many wannabe homeowners have decided it's time to buy their first homes.
Paying a third party to receive the biweekly payments and pass on the monthly payment to the lender, is not smart because the third party will walk away with most of the interest savings.
When I accepted an offer to work in San Francisco South Bay (aka Silicon Valley), I was in for quite a surprise. I lived in East Bay back then. My commute of 35 miles each way didn't seem bad, at least on maps.
As the 2016 presidential campaign kicks off, the economy is growing and Americans are getting back to work. However, for far too many people plotting a course from the working class to the middle class requires navigating dangerous waters filled with financial icebergs.
"Mansionization" is the name given to the increasingly common practice of tearing down a smaller house and building a much larger, more expensive one on the same lot, often to the detriment of next-door neighbors who suddenly find themselves deprived of sun, views, and privacy by the new mansion now looming over them.
The banking community has an opportunity to restore this trust and make good on our social contract with customers, communities, and policymakers. We should start by investing in homeownership, which has always been the foundation of the American Dream.
We're now six years and counting into Barack Obama's presidency, and I have to tell you: That hopey-changey stuff is working out great! Of course, I say that as someone who reads the news and pays attention to the President's accomplishments.
President Obama can strengthen his legacy in this area with tools he already has. He doesn't need to magically unlock the logjam in Congress to help ensure the resources for affordable housing for years to come.
When launched in 2010, Opening Doors was more than a blueprint for effective federal, state and local partnerships to end homelessness; it motivated all of us - inside and outside of government - to work harder, together, to address the needs of our most vulnerable people
If we do nothing to create meaningful reform, the black homeowners of 2031 will have just 22 percent of the wealth of their white counterparts. That's a larger gap than before the housing bubble burst of 2008. This is not merely a concern; it's an impending crisis.