What happens when you sell your house or pay the mortgage off early? It depends on the conditions of the contract with your lender. Setting up an amortization table can help you better plan out your mortgage payments and help you better manage your real estate. Hiring an attorney can also be a good idea if you want to make better sense of your finances.
Do you want to remodel your kitchen? If so, there are a couple key things you need to know before you get started. These four steps can make the difference between the kitchen of your dreams, and the kitchen of your nightmares. Read on to find out more.
A reader asks about converting a 401(k) into a Roth IRA. Can you offset the income taxes owed with the carry-over losses from a real estate property? Ilyce Glink answers this personal finance question about 401(k)s and Roth IRAs.
Ilyce Glink Show Notes - June 27, 2010 - Kellogg Cereal Recalls Select Boxes Of AppleJacks, Corn Pops, Honey Smacks, and Froot Loops; Mortgage Rates Fall to Record Low Levels, Level Not Seen Since 1956; Existing Home Sales and New Home Sales Plummet. The Equifax Personal Finance Blog has great content this week. Visit Ilyce's blog for more show notes and helpful links.
Ilyce Glink Show Notes - June 27, 2010 - Kellogg Cereal Recalls Select Boxes Of AppleJacks, Corn Pops, Honey Smacks, and Froot Loops; Mortgage Rates Fall to Record Low Levels, Level Not Seen Since 1956; Existing Home Sales and New Home Sales Plummet. The Equifax Personal Finance Blog has great content this week. Hire Ilyce to speak at your next event. Free books available at the ThinkGlink.com bookstore. See below for details and for information on our Buy 3 Get 1 FREE EBOOK deal.
Flood Insurance may be required by your lender. Check the fine print of your mortgage to find out how much flood insurance you are required to buy. Some flood areas have been redesignated and you may be required to buy more flood insurance now. Consult a real estate attorney to help you understand the fine print in your mortgage contract and to determine how much required flood insurance you have to buy.
Title problems occur when a reader co-signs a mortgage with his daughter. When you co-sign a mortgage, future creditors will look at your signature as a guarantee that you will pay the entire loan back, should the other party to the contract not pay his or her payments. Now, the reader can't buy a retirement property and doesn't know what to do. It is important to foresee real estate problems like these and plan ahead for your future financial decision. Co-signing a loan is a very big decision, and you should think about your future plans like buying a retirement property.
Paying off your mortgage now could save you big bucks by avoiding interest payments. Alternately, it is always good to keep a nest egg for financial needs. Which is the choice that will ensure financial welfare? The answer: it depends. Read on to find out more. Think about your financial goals and what may happen in the next few years when you're deciding whether to pay off your mortgage or conserve your nest egg.
Refinance or HELOC? Should you refinance in order to pay off a mortgage, or should you use a Home Equity Line of Credit? If your goal is to pay off your mortgage and get rid of debt, refinancing is a bad idea. Refinancing can cost homeowners two to five thousand dollars. Using a home equity line of credit or HELOC to pay off your first mortgage can be a smart move if your HELOC interest rate is very low. Get rid of debt and take advantage of low HELOC interest rates by paying off your first mortgage and then use your savings to finish paying of the HELOC.
The new housing and real estate market predictions have dropped significantly as the housing sales numbers were released. Interest, home sales, and construction have all plummeted setting the United States back in terms of recovery. New estimates now put the return of true housing demand all the way at 2011.
