ANCHOR: WELL, IT’S TIME TO PLAN FOR A LITTLE LIGHT SUMMER BEACH READING

ANCHOR: WGN MONEY-SAVING EXPERT ILYCE GLINK IS HERE WITH HER PICKS FOR MONEY FUN IN THE SUN.

ILYCE: GOOD MORNING. SCHOOL IS WINDING DOWN AND EVERYONE IS MAKING SUMMER PLANS. I THOUGHT I’D GIVE YOU A FEW OF MY PICKS FOR SOME LIGHT BEACH READING.

MY FIRST PICK IS THE SMART MONEY GUIDE TO REAL ESTATE INVESTING BY GERRI WILLIS. SHE’S AN AWARD-WINNING WRITER AND THE SENIOR FINANCIAL CORRESPONDENT FOR SMART MONEY MAGAZINE. WILLIS

SMART MONEY GUIDE TO REAL ESTATE INVESTING
RESEARCH THE MARKET
FINANCE
MANAGE
CHOOSE RENOVATIONS

ILYCE: SHOWS YOU HOW TO RESEARCH THE MARKET, FINANCE YOUR INVESTMENT, MANAGE IT ONCE YOU HAVE IT, AND CHOOSE RENOVATIONS THAT WILL INCREASE YOUR PROPERTY VALUE.

IT’S AN EASY READ WITH LOADS OF EXAMPLES OF HOW TO MAKE REAL ESTATE INVESTING WORK FOR YOUR PORTFOLIO. NEXT, WE HAVE

106 MORTGAGE SECRETS ALL HOMEBUYERS MUST LEARN

ILYCE: A NEW BOOK BY GARY ELDRED, CALLED 106 MORTGAGE SECRETS ALL HOMEBUYERS MUST LEARN BUT LENDERS DON’T TELL. WITH INTEREST RATES AT THE LOWEST POINT THEY’VE BEEN AT SINCE 1955, THIS BOOK HELPS WALK YOU THROUGH THE INS AND OUTS OF

106 MORTGAGE SECRETS

  • GET THE LOWEST RATE
  • SAVE ON PMI
  • PERFECT YOUR CREDIT
  • NEGOTIATION STRATEGIES

ILYCE: GETTING THE LOWEST RATE. HOW TO SAVE ON PRIVATE MORTGAGE INSURANCE (P-M-I), HOW TO PERFECT YOUR CREDIT HISTORY AND SCORE AND HOW TO ADOPT NEGOTIATION STRATEGIES THAT WORK WITH LENDERS.

MY FAVORITE IS TIP NUMBER 57: HOW TO FIND NOT-FOR PROFIT HOUSING GROUPS THAT HELP PEOPLE IN NEED BUY AND FINANCE HOMES. MY LAST BOOK IS THE NEWEST FROM JIM ROGERS, WHO YOU MAY REMEMBER AS BEING A COMMENTATOR ON CNBC OR AS THE BESTSELLING AUTHOR OF INVESTMENT BIKER. HIS NEWEST BOOK

ADVENTURE CAPITALIST

ILYCE: IS THE STORY OF HIS RECORD-SETTING DRIVE AROUND THE WORLD — IN HIS MERCEDES, OF COURSE, AND THE INVESTMENT LESSONS HE’S LEARNED BY SEEING THE COUNTRY MILE BY MILE.

HERE ARE SO MANY LESSONS THAT JIM ROGERS LEARNED, BUT WHEN HE GOT TO SOUTH KOREA AND JAPAN, HE REALIZED THERE WAS A NEW ASIAN CRISIS: A SHORTAGE OF GIRLS. AND YOU’LL HAVE TO TURN TO PAGE 89 TO FIND OUT WHY. THIS IS A DELIGHTFUL BOOK THAT WILL TAKE YOU AROUND THE WORLD WITHOUT YOU EVER HAVING TO LEAVE YOUR BEACH CHAIR. ON TO TODAY’S MONEY SAVING TIP

DON’T FALL FOR THE BAIT & SWITCH

ILYCE: DON’T FALL FOR THE BAIT AND SWITCH. WHEN YOU SEE AN ADVERTISEMENT FOR SOMETHING YOU WANT, BUT THE PRICE LOOKS TOO GOOD TO BE TRUE, CHECK IT OUT BEFORE YOU JUMP.

BAIT & SWITCH

LENDERS: FAKE RATES, POINTS AND FEES

CAR DEALERS: FAKE PRICES, TERMS

ILYCE: SOME MORTGAGE LENDERS TRY TO DRAW IN BORROWERS BY QUOTING FAKE RATES, POINTS AND FEES. CAR DEALERS MIGHT ADVERTISE FAKE PRICES AND TERMS. YOU GO IN TO SEE IF ITS REAL AND THEN GET LURED IN FOR THE KILL.

THE BOTTOM LINE IS THAT IF THE PRICE YOU’RE OFFERED IN PERSON ISN’T WHAT YOU SAW IN THE AD, IT’S A BAIT AND SWITCH. BE ON GUARD AND YOU WON’T GET CAUGHT. TUNE IN NEXT WEEK FOR ANOTHER ONE OF MY MONEY-SAVING TIPS, OR LOG ONTO WGNTV.COM AND LINK TO GLINK.