July 8th, 2011
Friday Roundup: Should You Rent or Own Your Retirement Home?
Credit Karma News
- Best Credit Cards for Globe-trotters. Unlike navigating the ever-more-complex fees and restrictions imposed by airlines and the Transportation Safety Administration, world travelers can follow a few straightforward criteria to pick the right credit card. The Street
- 10 Steps to Repair, Rebuild, and Protect Your Credit. Have you had one or more financial misfortunes over the past several years and now have a less than ideal credit score? If so, you’re certainly not alone. Forbes
- The week that was for 07/03/11. CreditKarma.com found on average that people with one credit card had a credit score of 618 while those with six credit cards had a score of 692 and those with 10 cards had an average score of 701. Pittsburgh Post-Gazette
- Top 5 credit cards for world travel. Is world travel on your horizon this year? Bringing the right credit card is as fundamental as packing the right wardrobe. Christian Science Monitor
Housing Market News
- Should You Rent or Own Your Retirement Home? As retirement approaches for Boomers across the country (including my own parents), these future men and women of leisure face a big question: Where should they live out their golden years? Money Ning
- Twelve Non-Recourse States Lets You Walk Away From Your Mortgage. Refinancing now is generally a wonderful idea as jumbo loans are back to all time lows. That said, what happens if you are so underwater on your mortgage that you feel it doesn’t make sense to continue paying anymore because you don’t think value will ever recover? Financial Samurai
- More Money for Struggling Homeowners. For the roughly four million homeowners who have fallen behind on their mortgage payments, the federal government is offering yet another remedy: free money to catch up on their loans. Smart Money
- Robert Shiller Predicts Home Prices Will Fall Some More. Home prices have been on a worrisome downturn, recently retreating to mid-2002 levels. In the latest read of the S&P/Case-Shiller home price index, home prices in the nation’s 20 largest cities fell 4% in April from a year ago, when the home buyer’s tax credit was boosting sales. Kiplinger
- Would You Be Content With Renting Forever? Forever is a long time, but with the housing market being so unpredictable, renting is becoming the ever-popular option. Savvy Sugar
Thanks for the wrap!
So, you offered me to refinance to save money. We tried that, and they wanted a couple thousand for us to refinance. And I beleive that took our credit rating down! I pay my bills, and still my score is going down. Now I don’t trust to take you up on any offers, because doing that, makes my score go down.
Thanks, MJ