Selling or Renewing Bridge Financing for Two Mortgages
A reader asks how to handle a bridge loan on a new home while the old house remains unsold. Bondy outlines options: lower the old asking price, attempt a bridge loan renewal, or seek informal funds. Each choice carries trade-offs, including potential loss on the old house and higher costs.
Money market yields hold steady amid mixed rates in week
Money Fund Report shows seven day average yield at 1.32 percent, with 30 day yield down to 1.33 percent. Bankrate.com cites unchanged 1.08 percent money market rate and 0.46 percent yield on interest bearing checking. CD rates edge up and down with CDs ranging from 1.83 to 4.43 percent. Retail fund assets slip by 3.77 billion to 1.038 trillion.
MENTIONED IN THIS ARTICLE
New York
Money Market Mutual Funds
Money Fund Report
iMoneyNet Inc
Westboro
Mass
Money Funds
Bankrate.com
North Palm Beach, Fla.based
Bankrate Inc
Investment Company Institute
Funeral industry aims to tailor services for baby boomers
Boomers born 1946 to 1964 influence funeral trends as they buy plots for themselves, customize rituals, and push for affordable cremations and personal tributes. Industry leaders note growing demand for personalized designs, online memorials, and transparent pricing amid lingering mistrust of funeral directors.
MENTIONED IN THIS ARTICLE
Lisa Singhania
Associated Press
New York
Karen Bradford
Riverside
Calif
Lisa Carlson
Funeral Consumers Alliance
U.S
Bill Bates
Life Appreciation Training
Art Caskets
Dallas
Catherine Welpton
Jerald Pullins
Service Corp. International
Service Corp
Life Appreciation
Denise Fitzpatrick
Money Matters Before Marriage Focused On Shared Finances
Kathleen Gurney offers guidance for engaged couples on discussing money before or after tying the knot. The piece urges couples to reveal money philosophies, study spending habits, and set joint priorities to avoid conflicts. It emphasizes open dialogue and planning to achieve financial harmony.
MENTIONED IN THIS ARTICLE
Kathleen Gurney
Knight Ridder
eLearn
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