If you want to refinance to pay off your mortgage early, consider if refi allows you flexibility to comfortably pay off your mortgage. Q: We presently have a 20-year 5.5 percent fixed rate mortgage with about 14 years left to go. We owe approximately $163,000. Our home appraised for $200,000. We would like to refinance [...]
Career changes and happiness can be tied together. Do you listen to job advice that tells you to pursue your dreams? And as usual, providing personal finance advice, real estate advice and consumer advice with Ilyce Glink on the Clark Howard Show July 9, 2012 on WSB Radio. I am not usually in the business [...]
If you have inherited a home with a mortgage, and don't know what to do, you have options. You can sell the home, rent it out or live in it. Q: My mom and dad have refinanced their home with a 40-year mortgage. They are both 71 years old. Have you heard of this type [...]
Getting a mortgage when self-employed can be difficult. Look for a specialist mortgage lender that often deals with self-employed people. Q: Are there specialists that provide mortgage services for self-employed professionals? My long-time personal bank seems lost when it comes to analyzing my ability to repay a mortgage. I would like to work with a [...]
Accepting personal responsibility for your cash is the way to make sure it is handled well. A continuation of a conversation about a condominium move started on the Clark Howard Show. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show July 8, 2012 on WSB Radio. [...]
Changing revocable trust isn't an option after death, but trust beneficiaries should look into their rights and compromise on disagreements. Q: I read a few articles on your website regarding living trusts and life estates, but my issue has an unusual twist. My now-deceased father created a revocable living trust with my still-living mother. My [...]
Loan approval is delayed without explanation from lender. If a bank is delaying a loan approval, talk to someone else and check your credit. Q: I listen to your radio show often and I am a big fan. Last February, I heard that a major lender was having a home show from your show. My [...]
If you own underwater investment property and don't want to damage your credit, you can keep making payments or sell the property. Q: Four years ago, I financed this rehabbed property located in Atlanta on a bank appraisal of about $110,000. The current loan balance is about $88,000 on an interest rate of 6.625 percent. [...]
There may be fees associated with a mortgage interest rate lock extension that cover the work a lender puts in to lock them. Q: Three months ago, I started the process to buy a home. The lender advised me lock my interest rate. It was at 3.9 percent. Now the owner has taken a long [...]
Every dollar counts. You must be careful with your cash everyday. Even when renting a home you own to a tenant, it helps to save money by doing maintenance yourself. And as usual, providing personal finance advice, real estate advice and consumer advice with Ilyce Glink on the Clark Howard Show July 4, 2012 on [...]
