Home Mortgage

New Study Reveals What Motivates the Rich

Rising home values are encouraging homeowners to open their wallets. Home Depot raised its 2016 outlook after demand for DIY products and big-ticket items outstripped expectations in the first quarter.

A very wealthy and successful guy I used to work for once mentioned something about his mortgage to me. I was a little taken aback, and asked why someone with his money would still have a mortgage. His thinking demonstrated that there are several dimensions involved in the decision of when to maintain debt rather than tap into savings.

Nothing was more important to Winnie than her young children.

This article originally appeared on Bankrate.com

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When the Fed finally moves interest rates, there will be those who stand to gain from the higher borrowing costs that will follow the rate hike and those who stand to lose.

Rising interest rates will impact everything from your cold hard cash to your 401(k) to your mortgage. Here's how.....

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