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Retire with your mortgage or refinance?

Posted by mortgage 10 days ago (Editorial)
If you are age 55 or older and plan to retire in a decade or so, you need to evaluate your retirement funds and your desire to pay off your mortgage before signing that refinance application.Financial planners have mixed feelings about whether homeowners should retire their mortgages before retirement."First, you need to think realistically about what you want your lifestyle to be in retirem
Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
NAIROBI (Reuters) - Kenya's sole specialist mortgage lender Housing Finance will develop a housing project in the next two years to create additional income from properties aimed at low and middle income earners, it said on Wednesday. The east African nation of 40 million people has a massive housing deficit with annual demand at 250,000 units against supply of around 60,000 units. Housing ..
NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
NEW YORK, May 3, 2012 /PRNewswire/ --
PARIS, May 10 (Reuters) - Mortgage lender Caisse Centrale duCredit Immobilier de France has mandated HSBC to try tofind a buyer for itself, financial daily Les Echos reported onThursday. The unlisted bank, ...

U.S. 30-year fixed-rate mortgage rates hit a new record low in the week ending May 10, following lower Treasury bond yields and weaker economic data in April, mortgage financier Freddie Mac said Thursday.
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