On July 23, the Los Angeles Times lamented that after home mortgage interest rates climbed above 4%, homeowners who wanted to refinance their mortgages would be “out of luck for quite a while.” Just one week later, the U.S. Federal Home Loan Mortgage Corporation, which you probably know better as Freddie Mac, issued its Primary…
Month: July 2015
Flip Through This Before You Flip Your First House
If you take a leisurely scroll through the on-demand video account of your choice, you will probably find several shows that deal with purchasing houses to sell at a profit. Commonly known as “house flipping,” these shows make it seem like a fairly easy process: host buys house, host fixes house in about twenty minutes,…
Top 4 Reasons To Sell Your Annuity Payments
Maybe you’ve found yourself in possession of an annuity because of a lawsuit settlement agreement, or maybe you won the lottery and chose to have the lottery winnings paid out to you in regular installments — or maybe you thought, five years ago, that purchasing an annuity was going to be your only type of…
How to Recoup the Taxes Lost When Winning the Lottery
Nobody likes paying taxes, especially not lottery winners. The lottery withholds about 25% right off the top of a prize amount for federal tax, and then — depending on the state a winner lives and his or her tax bracket — another 6-9% for state taxes. That doesn’t seem like too much, but when you…
