We recently refied from a 30 yr at 5.125, to a 15 yr at 2.75.  We had 25 yrs left on the old mortgage so just doing the refi knocked 10 yrs of payments off while our monthly payment went up only $60/month.  We had already been paying that much extra so it was a wash.   While paying the mortgage off is a goal, at such...more

“I have three years left to pay,” she explained, “and can't refinance because of my credit and (because) the car has negative equity.”   Negative equity in a depreciating asset, what a concept.  Oh wait,  doesn't this lament sound familiar...I owe more than my house is worth, I'm a victim of those predatory lenders...more

"Subsidizing debt forgiveness isn't cheap. Extending the act will cost $1.3 billion in 2013, " No sh!t Sherlock. And who gets stuck with the bill? The 53% who pay federal taxes.

"Don't dismiss the act as a gift solely for debt-ridden homeowners. The chances are good that mortgage-forgiveness debt relief benefits us all in one way or another."   By that logic everyone's mortgage should be forgiven, think how much that would stimulate the economy.  No more pesky mortgage payments every month...more

The market and investors haven't destroyed the world.  Commodities increase in price, as well as the products that use them, because the value of the dollars that those commodities are priced in continue to lose their value.  whenever the supply of something goes up, it's unit value falls. When the fed prints and inje...more

Really?  Take out a HELOC at 5% and invest in dividend paying stocks?  Take the tax deduction from the HELOC reducing the effective rate to 3.5% but no mention of the taxes being paid at both federal, state and possibly local level on the dividends earned let alone the funds to pay back the HELOC.  What financial plane...more

US dollars are actually made of cotton fibers, not paper.  No trees were harmed in the making of the greenback.