Schaefer Mortgage

How Deutsche Bank cleared out MDs, relied more on VPs

Why You Should Never Exchange Currency at the Airport

Three Key Trends Shaping Financial Services in Emerging Markets

Imagine you’re one of the nearly 40 million Tanzanians who live in a rural community. It would most likely take a day of your time and a considerable portion of your earnings just to travel to the nearest brick-and-mortar financial institution.

What Happens When A Country Suddenly Gets Rid Of Most Of Its Cash?

The story of India's "demonetization" has given economists a one-of-a-kind opportunity to understand the role of money in an economy.

Is a 15-year Mortgage a Good Idea?

A 15-year mortgage may be good for some people based on their ability to make a higher payment if one of their goals is to build equity in their home faster or to pay it off sooner.

7 Ways to Cancel Your P.M.I. (Private Mortgage Insurance)

7 Ways to Cancel Your P.M.I. (Private Mortgage Insurance) First, if you have paid down your mortgage to 80% of the original loan, you can call your lending institution and request that the PMI be canceled.

Millions of Homeowners Could Be Saving $200 a Month on Their Mortgage

Mortgage rates are on the rise, but millions of homeowners may still be able to refinance and save hundreds of dollars on their monthly mortgage payments.

Here's How Much Mortgage You Can Actually Afford

More than 80 percent of homeowners have trouble saving because of their mortgage payments. Here's how to figure out how much mortgage you can reasonably afford.

What Happens to the Mortgage When Your House Burns Down

If your home is destroyed in a fire or other natural disaster, mortgage lenders and insurers have procedures in place to help clients through the recovery

Saving Thousands In Mortgage Interest

Want to save Thousands of dollars in Mortgage Interest? Easy ways to shaving off time and money paid over the life of the loan.

Alexa, can I afford my mortgage?

A new Alexa skill, launched by GO Mortgage, will calculate monthly mortgage payment rates for borrowers. It can also see how much a homeowner would save by refinancing, allowing borrowers to make more informed decisions.

Don’t leave spouse off reverse mortgage

Gary SingerFort Lauderdale Sun SentinelQ: My wife and I are considering a reverse mortgage to pay off our existing conventional loan and receive a few dollars to make repairs. We have a fixed income and are looking forward to living in the house for the rest of our lives without having to make payments. Because I am several years older than my wife, the lender is telling us that we can take out more money if we leave her name off the mortgage…

Mortgage Payoff Eliminates Up to 15 Years of Payments

Pay faster to save a ton A mortgage is officially repaid when you pay back what you borrowed – the principal. But, the amount of interest you’ll hand over to the bank is greatly affected by how long it takes you to make that final payment. In other words, you’ll get to hold on to…

Personal Finance Columnist: Reverse Mortgage Worked for My Dad

A Chicago-based personal finance columnist doesn’t just suggest reverse mortgages to her readers — she helped her father get one, with positive results.