An unfortunate trend that we are seeing is mature couples getting a divorce. Sometimes the remaining spouse takes out a new mortgage to payoff the departing spouse for their equity or agrees to make the monthly payments.
You don’t have to sell your home right now. You would like to, but you can wait until the market turns around and you have a better chance at getting a higher price for your home. I don’t blame you and if you don’t have to sell right now, then don’t.
Entrepreneurs don’t retire, they just find a new project.
Over the past decade, baby boomers produced a high rate of entrepreneurial activity, and Dan Stangler, senior analyst at the Kauffman Foundation, says the number of baby boomers starting a business in their traditional retirement years is likely to increase.
Mortgage applications bounced back last week after nearly a month in the doldrums when the number of applications fell to a seven-month low.