It is possible to refinance your mortgage at lower interest rates than HARP, but you might end up paying more in closing costs. Q: I keep hearing about these really low refinance opportunities but nobody seems to say which bank or mortgage broker is offering them. I have a 15-year fixed rate loan at 4.25 [...]
I'm off this week! Enjoy an encore presentation from the November 11, 2012 Ilyce Glink Show. Bill Nemeth and Merry Brodie join me to talk about the 2012 tax review and the fiscal cliff. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on December 30, [...]
To speed a closing with the bank before the end of 2012, you need to talk with your bank to decide what is faster: a short sale or deed in lieu of foreclosure. Q: My daughter’s home has been unoccupied for the last six months or so and is listed as a short sale. [...]
Making home improvements can lower your capital gains tax, but that may change in 2013. Q: In 1975, my parents built a four bedroom house on Cape Cod and they put my name on the deed with theirs. My parents died quite some time ago, so I have had the house since then. For most [...]
Selling your home in a short sale is better than going into foreclosure, but you might face a deficiency judgment from your lender. Q: In one of your recent columns, you referred to the term deficiency judgment when discussing a short sale. What if you closed on a short sale, but the lender reserved the [...]
Tax predictions for 2013 with guests Bill Nemeth, Merry Brodie and Chet Burgess. The IRS is ready to collect your taxes and returns. Plus will Congress act to avoid the fiscal cliff? And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show on December 23, 2012 at [...]
Welcome to the show notes for my annual year-end tax show on December 23, 2012 at 11:00am Eastern Time. In all of my years of being on WSB radio (and I’m thinking it’s about 15 or so), I’ve never had a year where so much was left undone this close to the end of the [...]
Using a home equity loan to remodel can be a good decision, especially if you might need cash for future living expenses. Q: I have bought and sold many homes in the past. I made money on all but the last one, on which I lost money big time. I recently bought a little house [...]
When hiring a home improvement contractor, don't forget about the permits and inspections that are required by your city. Q: I read your article on how to hire a contractor and thought it was very good, but two items that were not brought up were permits and inspections. Often, the homeowner doesn't factor in the [...]
