Wednesday, September 19, 2007

Mortgage Clinic: 'How can we raise cash from our property?'

The Federal Reserve delivered a surprisingly large half-point cut to its benchmark interest rate on Tuesday, sending stocks soaring even as the Fed signaled that recent financial turbulence menaces the broader ...more



Lehman net falls less than expected


Lehman Brothers Holdings Inc said on Tuesday quarterly earnings fell 3.2 percent on writedowns linked to mortgages and leveraged loans, but its shares rose as the results beat expectations and the investment ...more



Companies Lowering Credit Card Limits


But have you looked at your statement lately? Some issuers are now lowering limits.
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Stocks soar as Fed makes bold rate decision


Stocks jumped the most in four years on Tuesday after the Federal Reserve slashed interest rates and raised hopes the economy could ride out a prolonged housing slump and turmoil in the credit market.

Workers left to pick up pieces


Perched on the breezy southern shore of Lake Erie, the Midwestern city of Cleveland is all too familiar with tough times.
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Mortgage Clinic: 'How can we raise cash from our property?'


"My husband and I own a mortgage-free property, which we rent out. If we took out an equity-release loan on the property, could we get tax relief on the interest, on the basis that it is a business expense? If ...more



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