Tag: mortgage banks

My wife and I have $1.8M saved and earn $400K. I want to pay off our 20-year mortgage before we retire. She says no

Dear Quentin, My wife and I have done very well working in healthcare the past 25 years. We’ve always taken advantage of 401(k) and 403(b) to the max, and have additional savings in an IRA and almost no revolving credit debt. We currently have $1.8 million in these savings accounts. However, at 52, we decided […]

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Supreme Court decision could help advance Biden’s housing agenda — starting with the firing of the FHFA director

Changes are quickly coming to the regulatory body that oversees mortgage giants Fannie Mae and Freddie Mac, thanks to a decision released Wednesday by the U.S. Supreme Court. In a decision written by Justice Samuel Alito that included many of the court’s nine justices dissenting on certain points, the Supreme Court ruled that the structure […]

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My mother, 65, passed away and left me her house — and mortgage. Her partner, 72, lives there. What are my moral obligations here?

My mom passed away unexpectedly at 65 on March 5. I am her only child, and she never remarried after divorcing my dad in 1991. She left behind a partner of 31 years — a man she did not marry, in spite of multiple proposals and opportunities, because she did not trust him financially. (He’s […]

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