Ilyce Glink, ThinkGlink.com and Best Money Moves
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Ilyce

About Ilyce Glink

Ilyce Glink is an award-winning, nationally-syndicated columnist, best-selling author, and radio and television personality. She is the best-known consumer advocate for home buyers, sellers, and owners, and her content touches millions of readers, viewers, and listeners each week. She is the Founder/CEO of Best Money Moves, an employee benefit that companies provide that helps employees measure financial stress, then dials it down with a unique content mapping system. She is also the Founder/CEO of Think Glink Media, a digital content agency, and the Publisher of ThinkGlink.com. Listen to Ilyce on WGN Radio each week, follow her on Twitter, and sign up for the ThinkGlink free weekly newsletter, in the blue box at the bottom of this page.
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Check Credit History To Determine If Your Credit Was Used For A Loan

By | April 9th, 2010|


Your credit history is the easiest way to find out what loans are tied to your social social number and your credit history. Your name could be on the title, but not on the loan, so it wont show up on your credit history. If a loan is on your credit history, you can be held responsible for any late or missing payments. There are times that lenders will allow a borrower to buy a home and use only the credit history and credit score of that buyer to grant the loan. Yet, at the same time the lender will allow a spouse to be on title but not on the loan to the home.

FHA Strengthens Requirements For Lenders

By | April 9th, 2010|

The Federal Housing Administration (FHA) announced Monday it will increase regulations to the net worth requirements of FHA-approved lenders.

FHA Increases Net Worth Requirements For Lenders

By | April 9th, 2010|

The Federal Housing Administration (FHA) announced Monday it will increase regulations to the net worth requirements of FHA-approved lenders. In September 2009, Commissioner David H. Stevens announced a set of policy changes that would reinforce the FHA’s risk management function, that includes holding lenders liable for oversight of mortgage brokers, and hiring a Chief Risk Officer for the first time in FHA’s 75-year history. The FHA’s final rule of the regulation changes will be published in the next few days. Since 1993, the FHA required lenders to have a net worth minimum of $250,000. Effective immediately, all new applicants must possess at least $1 million. Read more about the regulations regarding FHA lenders in the full press release below from the U.S. Department of Housing and Urban Development (HUD):

An Estimated 1.2 Million Households Were Lost During Recession

By | April 8th, 2010|

According to a study released today by the Mortgage Bankers Association,and estimated 1.2 million households were lost from 2005 to 2008, despite the population increase of 3.4 million in the study area. This decline in households is likely what contributed significantly to the excess supply of apartments and single family homes on the market. Read more about the 1.2 Million households lost during the recession in the press release below from the Mortgage Bankers Association.

Buy, Close, Move In – The New Rules Of Real Estate

By | April 6th, 2010|

Buy, Close, Move IN!: The New Rules of Real Estate

Ilyce Glink's new book, "Buy, Close, Move IN!" helps real estate buyers and real estate investors successfully navigate the world of real estate and mortgage financing.

Ilyce Glink on WSB Radio – Tax Tips – April 4, 2010

By | April 4th, 2010|


Today on The Ilyce Glink Show we replay some of our best guests. We take your questions and talk with Enrolled Agents and tax specialists Bill Nemeth and Chet Burgess. Listen to Ilyce every Sunday on WSB Radio in Atlanta or streaming online at wsbradio.com. Listen to the podcast here or download from iTunes.

Owner Financing Might Be Good Option For Buying Vacant Lot

By | April 1st, 2010|

If you're looking to buy a vacant lot to build on, it might be harder than you think to get a loan. Owner financing could be a good option if you're trying to buy a vacant lot. Most mortgage lenders won't give you a loan for a vacant lot, so it's worth asking the owner if they're willing to do owner financing.

Top Three Real Estate Investing Mistakes

By | April 1st, 2010|

Don't fall for these top three real estate investing mistakes. Everyone makes mistakes, but if you want to be a successful and profitable, these are three real estate investing mistakes you can avoid making. Don't buy real estate investments on impulse. Don't fail to do your due diligence on real estate investments. Don't forget that numbers matter with real estate investments. Get ahead in the game and avoid these top real estate investing mistakes.

Contractor Horror Story: Contractor Referral Turns Into Home Repair Nightmare

By | April 1st, 2010|

For this reader, what should have been a simple home repair job to replace windows turned into a Contractor Horror Story. Contractor referrals might not always give you the best contractor for the job. Get multiple estimates from contractors and make sure you are only paying for the home repair work you want done. Don't let your home repairs turn into a contractor horror story.

Quit Claim Deed May Not Require Taxes To Be Paid

By | April 1st, 2010|

If you receive a home through a quit claim deed, you will probably not owe taxes. However, if you sell the home you may owe taxes on any profit. Depending on the value of the property, the giver might owe gift tax. Please consult with your tax preparer for more information on quit claim deed taxes.

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