Archive for April, 2008

New mortgage deals: ‘Offset’ loans »

By on Apr 19, 2008 in Featured, Financial | 0 Comments

Offset mortgages reduce a borrower’s loan balance with a linked savings account.
(Money Magazine) — Question: I’ve heard that American lenders are now offering something called an offset mortgage, which is popular in the U.K. Do you think this is a good deal? - Jeffrey S. Kallas, Columbus, Ohio
Answer: It depends. Here’s how it works in [...]

Get ready for a dollar rebound »

By on Apr 19, 2008 in Financial | 0 Comments

There’s a moderately amusing McDonald’s commercial where office workers bemoan the moribund state of the dollar until they realize how much they can buy with a buck on Mickey D’s dollar menu.
Yup, everybody is talking about the sad state of the greenback. The dollar’s weakness has been bad news for consumers. It has driven up [...]