If you've wondered how to catch up on your mortgage payments, this reader wants to know and wants to avoid foreclosure. Q: Unbeknownst to me my husband stopped paying our mortgage payments. When I found out, I called to find out how much of a payment I had to make to get caught up on [...]
Q: I know that you are used to people having problems with loan modifications, where the banks lose stuff. We have that problem with two different banks on the house that my sister and I inherited, although we’re not having trouble making the payments. The house has been put in our names and we notified [...]
Q: I heard you on WSB radio in Atlanta a couple of days ago speaking about qualifying for mortgage loan refinance programs. I have a mortgage with a six percent interest rate and a loan balance of about $200,000. I believe that my home will appraise at about around 400,000. Would I qualify for the [...]
Q: Is it worth refinancing my mortgage? Last September I tried to refinance my home with my lender. I had lost my current job and started running a small landscape business I previously had. The agent working with my lender told me about a loan product with no income verification. There was a problem with [...]
Q: Thank you very much for your recent story on the six ways to reduce your property taxes. You mentioned that there are individuals and companies that specialize in appealing property taxes for homeowners. Some of them will charge you a percentage of whatever savings you obtain in the process. Can you recommend a company [...]
Stock Market Capitulation on the Ilyce Glink Show September 25, 2011: Barron's columnist Alan Abelson, a professional I really respect, wrote a piece yesterday entitled September Massacre. In it, Abelson discusses this week's gruesome losses on Wall Street and how the markets are undergoing a sort of capitulation, something we last experienced in March of [...]
A reader considers a strategic default on her home mortgage loan. Q: I am pushing 73 and my house is underwater. I have a first loan of about $140,000 and a second loan of about $18,000 with a 7.85 percent interest rate. My second loan has a balloon payment coming due soon. I was lied to [...]
Q: I lost the major portion of my income and I am looking to lower my mortgage payments, but my concern is that my income will now be too low for me to qualify for a refinance. I hate to spend the $500 for an appraisal and then be told that my income won’t allow [...]
Mortgage Rates Fall To New Lows: Why You Should Refinance on the Ilyce Glink Show September 18, 2011: Every week for the last four, mortgage interest rates have dropped to historic lows, setting new records with each outing. While there is much work left to be done to shore up the ailing housing market, for [...]
For the past four weeks, mortgage interest rates have fallen to new lows. That's not a one-time thing. Instead, in each of the past four weeks, mortgage interest rates have dropped a bit lower, allowing those of us in the news media that watch this sort of thing to proclaim a new record broken. Interest [...]
