How do mortgage lenders make money on existing loans with rising interest rates? The original mortgage for my house that I bought in California in 2012 was for $625K at 3.6%, 30-year fixed. I refinanced in March 2021, $510K remaining, at 1.99%, 15-year fixed. With interest rates rising to 7%, 8%, and beyond, how is my lender earning anything off of my loan? submitted by /u/wavysail

Alternative to payday loans and other predatory lenders Hey All – recently we gave a friend who is going through a rough patch a small loan of $750 to get him through until payday. He paid us back on time, as promised but I assume he’s going to find himself in exactly the same position next payday. We’ll lend him the money again since it’s a small amount and we’re fortunate enough that we won’t be in…