Homes come in many shapes and configurations, and one type that’s popular with extended families or budding landlords is a duplex. It’s not just one home, but two. The units or apartments may be stacked one atop the other on separate floors, or they may be side by side with a shared wall. A […]
The Return of Home Equity Line of Credit Activity
HELOC lending rose to highest level since 2007 in the first half of 2022 In the past two years, many creditworthy borrowers have taken advantage of ultralow interest rates to refinance their mortgages. As of July 2022, 80% of outstanding home mortgage loans had interest rates below or equal to 4%.[1] However, rising interest rates have […]
Why Social Security checks are about to get a lot bigger
NEW YORK (AP) — Tens of millions of older Americans are getting the biggest raise of their lifetimes. No. The first American to get a monthly retirement check from Social Security, Ida May Fuller from Ludlow, Vermont, got the same $22.54 monthly benefit for 10 years. Automatic annual cost-of-living adjustments didn’t begin for Social Security […]
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