My wife and I have bailed out our son with his mortgage and car payments, and set up 529s for his kids — yet we have the daughter-in-law from hell

2019-11-05

Dear Moneyist, My wife and I have two sons, both close to 50, both married, only one with children. We are hard-working and have been financially conservative throughout our marriage, and have managed to save approximately $1.25 million in liquid assets and another $1 million in real-estate equity, though (whoRead More →

This is how much bad credit affects your mortgage

2019-03-15

Borrowers who come to the table with lower credit scores can find that their mortgage loan costs more because of their bad credit scores. This is true for first-time buyers as well as people buying second or third homes. A loan costs someone with a bad credit score more becauseRead More →

Mortgage rates throttle higher, but relief lies ahead

2019-03-09

Getty Images Homes in a suburban neighborhood of Pittsburgh Rates for home loans rose slightly, squelching borrower enthusiasm even as the long-term outlook for rates remained upbeat for buyers. The 30-year fixed-rate mortgage averaged 4.41% in the March 7 week, mortgage guarantor Freddie Mac said Thursday. That was up sixRead More →