We all should have New Year's Financial resolutions to help guide us in 2012 and improve our financial health during these financial hard times. Are you tired of thinking about your finances? The Great Recession has had a lasting impact on how we think about and manage our money, especially those of us who have [...]
For people without a credit history but a desire to build their credit, a new law allows you to create an alternative credit report and use that report in a credit application. Q: In our local paper you stated that a federal law required lenders to do a manual underwriting to approve a borrower's loan [...]
The proceeds from a reverse mortgage can be used for health care expenses but the high costs and fees can outweigh the benefits. Q: Would you recommend that my 86 year old grandmother consider a reverse mortgage to pay for health care expenses? A: While you ask a simple question, there are many factors to [...]
Each year we post our financial resolutions for home sellers for the new year. With the current state of our financial system, you need to keep your financial house and home in good shape. I know someone who sold a house this year. It took them seven months, and they had to cut their price [...]
How to find a job in the New Year. Plus guest Eva Rosenberg, with her tax advice, discusses how small business owners can plan for the 2012 tax season. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show December 18, 2011 on WSB Radio. On this last show [...]
If view your free annual credit report and review it, it's good but it may be differ somewhat with the report pulled by a mortgage broker or lender. Q: I am an avid reader of your column and have been a mortgage loan officer since 1995. Many times you have given incomplete or inaccurate information, [...]
You're underwater on your mortgage, should you try a short sale of your home or should you walk away in a strategic default and risk a deficiency judgment? Q: My daughter is in an interest-only loan with a 30-year term. Her interest rate is 8 percent. She owes $128,000 on the loan. Fannie Mae owns [...]
A recap of the 2011 real estate market and the top 4 real estate New Year's financial Resolutions with real estate and personal finance advice Over the past 18 years that we’ve been writing this column, we’ve offered New Year’s Resolutions for home buyer and home sellers, plus New Year’s Financial Resolutions that everyone can [...]
We're into the Christmas Run Up. The Dow, NASDAQ and S&P are all over the place, affected in large part by confusion in the EU. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show December 11, 2011 on WSB Radio. How can December 25th be just [...]
Refinancing is hard these days, but if you have a small or low balance loan, it may be harder and the refi costs are more important than ever. Q: In 2003, I refinanced my home with a $100,000 15-year mortgage at 5.25 percent. My balance now is about $50,000 and I have six years left [...]
