Tagged: personal finance

Homebuilders gloomy, asset managers relieved over tax plan

Homebuilders gloomy, asset managers relieved over tax plan

Proposed changes in the GOP tax plan could affect homeowners in more expensive neighborhoods and car buyers interested in electric vehicles.

How Trump tax plan would alter mortgage interest deduction

How Trump tax plan would alter mortgage interest deduction

Each year, taxpayers subsidize America’s homeowners by roughly $70 billion, with the benefits flowing disproportionately to coastal areas with high incomes and pricey homes, from New York and Washington to Los Angeles and San Francisco.

Long-term mortgage rates unchanged: 30-year at 3.83 percent

Long-term mortgage rates unchanged: 30-year at 3.83 percent

Long-term mortgage rates are unchanged this week: The 30-year fixed-rate mortgage remained at 3.83 percent; the 15-year home loan, popular among homeowners who refinance their mortgages, stayed at 3.13 percent, mortgage buyer Freddie Mac says.

FEMA insurance chief: Harvey losses could top $11 billion

FEMA insurance chief: Harvey losses could top $11 billion

The head of the National Flood Insurance Program said Wednesday early estimates show Hurricane Harvey will result in about $11 billion in payouts to insured homeowners, mostly in southeast Texas.

Fewer Americans buy insurance in coastal areas

Fewer Americans buy insurance in coastal areas

Far fewer Americans compared with five years ago are paying for flood insurance in coastal areas of the United States where hurricanes, storms and tidal surges pose a serious threat, according to an Associated Press analysis of government data.

Fewer Americans buy insurance in coastal areas

Fewer Americans buy insurance in coastal areas

Far fewer Americans compared with five years ago are paying for flood insurance in coastal areas of the United States where hurricanes, storms and tidal surges pose a serious threat, according to an Associated Press analysis of government data.

Denverites define $2 million as the entryway to wealth, lower than national mark

Denverites define $2 million as the entryway to wealth, lower than national mark

Nationally, the “financially comfortable” mark was $1.1 million and the wealthy mark was $2.4 million, according to a online survey of 1,000 people. In metro Denver, financially comfortable was defined as $541,700 and wealthy as $2 million, according to a survey of 500 people sponsored by Charles Schwab.

Should you pay off your mortgage prior to retirement?

Should you pay off your mortgage prior to retirement?

Many people who are preparing for retirement wonder if they should pay off their mortgage.  In an ideal world, you should. But for those whose finances aren’t ideal, it may not make sense. Denver Post columnist Charlie Farrell looks at both sides of this strategy.

Should you pay off your mortgage prior to retirement?

Should you pay off your mortgage prior to retirement?

Many people who are preparing for retirement wonder if they should pay off their mortgage.  In an ideal world, you should. But for those whose finances aren’t ideal, it may not make sense. Denver Post columnist Charlie Farrell looks at both sides of this strategy.