See all posts tagged: "Political / general news"

Despite economic uncertainty, private aviation leaders are positive about the industry's long-term prospects. With permission from Flexjet Text size While economic uncertainty may have an impact on the future of the private jet industry in the short term, industry insiders are bullish on the long-term...
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How to refinance your mortgage in 5 easy steps

Mortgage rates are at a record low - and it is simple to refinance your home loan. (iStock)Do you think it's time to refinance your mortgage? You are in good company.Refinancing applications in the United States rose 6.8% in the week ending August 7, almost twice as much as a year ago, according to the Mortgage Bankers Association (MBA)'s Weekly survey on mortgage applications. Chalk up the refi incentive for record low mortgage rates: The average interest rate on a 30-year fixed mortgage has hovered below 3 percent in recent weeks, reports mortgage lender Freddie Mac.You can Explore your mortgage…

Unemployment makes it harder to qualify for, refinance mortgage

Record increases in unemployment claims are creating major roadblocks for consumers who thought they would like to save money by catching a lower mortgage rate. Maybe you thought you might even refinance the mortgage to grab some cash now by taking out some capital built up as your home has grown? Maybe you look at your house like a piggy bank after losing a job during the coronavirus pandemic?It's a thought, but it's a strategy that is unlikely to work. "For people who are unemployed, it will be more difficult to qualify for a mortgage at this time," said Bill…

Beware of these private jet promotions

Private jets are popular, and the broader travel industry has noticed. Luxury hotels, resorts and even destinations are rushing to promote private aviation partnerships. The idea, in part, is that they offer a one-stop option. Book your luxury suite and our private aviation partner can handle these private flights. What is ignored is that private aviation is not just about pictures of club seats and what type of catering you want. It is a significant purchase, not studying the details can be expensive and the best option for you may not always be clear. As several hotels, resorts and destinations…

Mortgage rates are still incredibly low – but beware of the refinancing trap.

If you took one mortgage as recently as a year or two ago there's a good chance you cracked a Budweiser to celebrate your incredible interest rate. Fast forward to today, and home loans are even cheaper. At the time of writing, the average interest rates on a 30-year mortgage in the area are below 3%, something that seemed unthinkable even a decade ago. If you are like many homeowners, this may make you wonder: Should I refinance my mortgage now? While trading in your existing home loan for one with lower interest rates may seem like an easy call,…

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