Archive for July, 2010

Refinance when your house is under water?

Friday, July 30th, 2010

Free Money Finance regularly posts questions that are e-mailed to him by his readers, with the intent of having other readers offer advice.  Recently a reader asked about refinancing a mortgage that is currently under water (meaning that more is owed than the house is currently worth).  Here's the skinny: $225,000 ...

A 30-year fixed rate mortgage is protection money

Thursday, July 29th, 2010

Thirty-year mortgages rates haven't been this cheap in my lifetime.  Considering this was the year of my 20th high school reunion, that's a fairly long time. A fixed-rate mortgage costs more to obtain than an adjustable-rate mortgage of the same term because the lender bears the interest-rate risk.  The means that ...

How not to buy gift cards on eBay

Saturday, July 24th, 2010

I don't remember what prompted me to poke around on eBay to check for gift cards.  I do remember that there had been some restrictions placed on gift card sales on eBay because of rising occurrence of fraudulent activity. However, I did find a new practice that I found a little ...

There’s no time like the present!

Monday, July 19th, 2010

My Google fast-flip brought up this article on the U.S. News site:  21 Ways to Make Extra Money In Retirement.  It was aimed at present retirees.  The advice ranged from one-time money raisers (sell your stuff) to on-going money savers (ask for discounts, use a rewards credit card) to on-going ...