Washington Post
The financial crisis has torpedoed the retirement planning of many seniors.
Those foolish enough to have followed the advice of investment advisers who preached that homeowners should convert all their home equity into investments now find that their home equity is negative because of declining home prices. At the same time, the value of common stock they purchased by mortgaging their houses to the hilt is probably way down because of the sharp decline in stock prices.
We can't undo the past, but we can make better decisions in the future. Here are some guidelines on how to make decisions about mortgage repayment. Read More...
0 comments:
Post a Comment