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Do you need to refinance your mortgage if you are retired?

Making a mortgage refinance has both advantages and disadvantages. (iStock)Debt can be a source of stress in an otherwise relaxing retirement. According to Federal Reserve Bank of New York, Americans in the 60s owed a total debt of $ 2.14 trillion in 2019, while 70-year-olds owed $ 1.1 trillion.Retirement mortgage debt can put a strain on your financial resources, especially if your income drops significantly when you switch to living off your savings instead of drawing a constant paycheck. A refinancing mortgage can help ease the financial pressure.Do you need to refinance your mortgage if you are retired? Deciding whether…

As airlines shrink, these private jet operators grow

On Tuesday this week, United Airlines said it was limiting its just-announced flight schedule for August due to lack of demand. Barrons reported according to an internal memo, net bookings in Newark hub fell 84% over the year. New Yorkers do not travel, one might assume. Well, do not jump to conclusions too fast. Omaha-based Jet Linx Aviation is now a major player in the world's private aviation market ... [+] the acquisition of Meridian's air traffic control and charter operations, including 16 jets based at Teterboro Airport in northern New Jersy. Pictured is Jet Linx President and CEO Jamie…

The travel industry is turning to private jets to kick-start its recovery

Historically, airlines have been the dominant force in the travel industry's pick order. Governments, their tourist boards, local airports and even the private sector migrated to their headquarters and lobbyed airline leaders to open new routes into their backyard. Robust flight plans made it easier for tourists to get there. Lots of direct flights helped communities attract companies that needed reliable air access to conduct business efficiently. As flight schedules remain minimal and wealthy consumers avoid being squeezed into a package ... [+] passenger aircraft, the travel industry caters to private aviation to run is rebound. (Photo by Robert Alexander…

Every homeowner should avoid these 5 costly mistakes in refinancing mortgages

3D illustration of a rubber stamp with the word refinance over a mortgage loan sheet. Debt ... [+] consolidation and debt or loan financing concept. Getty With mortgage rates at record lows, many homeowners are chooses to refinance. If you are thinking of taking the same step, keep scrolling. I have listed five of the biggest refinancing mistakes that homeowners can make below. Read them to make sure you do not risk making the same mistakes. Refinancing at the wrong time Even if the rates are low, it does not necessarily mean that it is the right time for you…

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