Tag: trends
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HELOCs are back. Cash-strapped borrowers are tapping into a $33 trillion pile of home equity.
[ad_1] Goodbye pandemic refi cash-outs. Hello HELOCs? Home-equity lines of credit (HELOCs) and second-lien mortgages have been staging a notable comeback as U.S. homeowners look for liquidity and ways to monetize the pandemic surge in home prices, according to BofA Global. It used to be that borrowers sitting on an estimated $33 trillion pile of…
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My wife owns her mother’s home. Can she avoid capital gains tax if she sells?
[ad_1] Dear MarketWatch, Before I married my wife, she took out a mortgage on a home in El Paso, Texas so she and her mom could live in it. After we married, my mother-in-law stayed at the property and made the mortgage payments. She’s not in good health and my wife wants to sell the…
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‘I’m 63 and hate my work. Should I claim Social Security and quit my job?’
[ad_1] Dear Quentin, I’m 63 and desperately hate my work. I’ve had the same job for the last 19 years and every day I’m there, I just want to quit. I have $330,000 in cash and investments, $30,000 in my employer’s retirement fund and a remaining mortgage of $83,000. The payment (including property taxes) is…