50s: Mortgages

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Sandwich generation -- 50s

Your mortgage
By Bankrate.com

Depending on how long you've lived in your home or how quickly your home has risen in value, you could be sitting on (or living in) a great cash resource. At this stage of your life, are you pondering how to handle that? Here are some options.

Links:
Freedom from a mortgage -- a good thing?, Reverse mortgage lets seniors cash in without selling out, When mortgage rates are low, think refinancing, Time to tap your home's equity?, How cash-out refinancing works, Deciding between a home equity loan or a line of credit, Paying off your mortgage with a home equity loan, When NOT to refinance, Boost your home's value -- remodel!, Fix your home without breaking your wallet, Financing your fixer-upper, The lowdown on construction loans, Choose your own mortgage length, Do-it-yourself biweekly payments, A home equity line can bail out the unemployed

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Transitioning homes
For many people, this decade is one of change. Some folks think about downsizing their home; consider purchasing a second home; contemplate moving to an area where they'd like to retire or entertain thoughts about making career changes. Here are some money-wise strategies to guide your plans.

Links:
Securing the loan when you're buying a condo, Understanding bridge loans, Moving? Tips for comparing moving company estimates, Negotiate the best moving deal and understand the terms, Compare the cost of living between cities, How to finance a recreational vehicle, Are you cut out to be a landlord?

-- Posted: Jan. 20, 2003

Financial Birthdays

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•	Financial Birthdays Home


	30 yr fixed mtg	3.82%
	48 month new car loan	3.24%
	1 yr CD	0.70%

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