You might be able to lower your mortgage interest rate with an FHA loan. Q: I was listening to your radio show on WSB Radio this past Sunday. The caller had a mortgage with one of the big banks and he wanted to get his interest rate lowered. He stated he wasn’t behind in his [...]
Bailout of Greece and problems in the Eurozone continued this week. This week, the Dow was up 422 points, ending at 12,231 by the close of business on Friday. I can't remember the last time we were over 12,000. The reason for the sudden investor enthusiasm? Euphoria over the latest Eurozone deal. Leaders across Europe [...]
If you've applied to refinance your loan, and interest rates have gone lower and you have locked, you'll have to talk to your lender to see what options you may have. Q: We're right at the end of the time period for our refinance on our new 15-year mortgage application. The process has taken too [...]
Rosie Rios and Pam Yip on the Show. The Great Spending Checklist. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show October 23, 2011 on WSB Radio. Earlier this year, I toured around the country giving a series of speeches called "Everyday Money." The general theme of the [...]
Short sale fraud is possible when a seller decides to sell his home with the intent to keep it for himself by using a quitclaim deed. Q: My brother is in foreclosure on his house. He is trying to get someone to buy it through a short sale and then quitclaim the home back to [...]
If you are in trouble with your home loan and expecting loan modification help, you may be out of luck. If you do get help, you may end up in loan modification hell. Q: I’m currently thirteen months behind on mortgage but am interested in keeping my home. My question is how do I know [...]
Selling an investment property you inherited at a loss may not give you any tax benefits. Q: I purchased a townhouse with my aunt five years ago. She passed away last year, and I want to sell it. We paid cash for the house and now the home is worth about 35 percent less than [...]
If you're planning to sell your home to a family member, you need to evaluate your options before using seller or owner financing options. Q: A few months ago, I purchased a Fannie Mae HomePath home at a great value which I am renting to my daughter and her husband. I am able to rent [...]
Ilyce Glink appeared on the CBS Early Show and discussed ways to beat bank fees, like those debt card fees charged by Bank of America. Bank of America recently announced it would charge a $5 fee to its customers for using debt cards, and other banks may soon follow their lead. I've received a lot [...]
Once signed, it may not be easy to terminate a contract for a home. Q: My friend and I are in the final stages of buying a house. The property is going to be in her name only but some things have changed and we no longer can afford to buy the home. What are [...]
