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This site uses an algorithm to find the best Private Jet program – Robb Report

A new site is called PrivateJetCost.com promises to act as a digital matchmaker between users of private jets and operators. The company says it is the "first and only statistical analysis system" that uses a proprietary algorithm to help both beginners and experienced pilots find the best jet card or ownership program for their specific needs. According to recent calculations from Magellan Jets, private aviation will see more than 1.6 million first-time pilots this year. The Boston-based company expects that about 1.2 million will be permanent users. Many have navigated in unknown territory by trying to find the best jet…

Your mortgage financing can cost thousands more thanks to the new fee

Getty Refinancing is expected to become more expensive in the fall. A new fee, known as the "unfavorable market refinancing fee" (Fannie Mae) or the "market-related credit fee" (Freddie Mac), will be assessed on most refinancing loans sold to Fannie Mae and Freddie Mac, from September 1st. The fee is a flat 0.5% or 50 basis points of the total loan amount and adds hundreds or even thousands of dollars to the cost of refinancing. The new fee comes at a time when mortgage rates are falling to record lows and refinancing activity is increasing. Refinancing activity last week increased…

How much can you save by refinancing your mortgage?

Pledge rates are on record low, so it is not surprising that refinancing applications have been submitted in large quantities by 2020. On August 6, Freddie Mac data showed 30-year-olds mortgage rates had reached a very low level of 2.88%. And according to the Mortgage Bankers Association, refinancing applications are 84% higher than they were at this point last year.With that in mind, if you haven’t pulled the trigger on refinancing yet, here’s an overview of how to determine how much you can save on refinancing.How much could you save?This is a more complicated question than it may seem. Many…

Why young billionaires are looking for bigger private jets than ever before

A private jet available via PrivateFlyFacebook: @PrivateFly We may still be in the middle of a pandemic, but it seems that the super-rich are still investing in luxury aircraft, especially aircraft with engines large enough to enable them to travel transatlantic without the need for stopovers.According to The Telegraph, there has been an increase in younger billionaires seeking larger, far-reaching ones private jets. Jetcraft Owner Jahid Fazal-Karim told the newspaper: 'If you're a technical entrepreneur or CEO who's been successful at a young age, you're more likely to buy a large jet because it fits your lifestyle and the global…

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