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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$8000 First Time Home Buyer Tax Credit Has Income Restrictions

By | July 23rd, 2009|

If you are a first time home buyer and want to claim the $8000 first time home buyer tax credit, make sure you meet all the guidelines and restrictions. To qualify for the $8,000 first time home buyer tax credit, it must be your primary residence and you must fall under a certain income limit. You can claim the $8000 first time home buyer tax credit if you make up to $75,000 for individuals, $150,000 filing jointly. The tax credit begins to phase out after that, and is eliminated at $95,000 ($170,000 for joint filing) of income.

Raise Your Credit Score By Improving Your Payment History

By | July 23rd, 2009|

Your credit report will show your overall payment history, not individual credit card purchases. Your credit report will show any credit accounts you have, your payment history, if you have been late on payments, if the account were closed or if the credit company charged them off. You need to work to raise your credit score by improving your payment history.

Six Reasons Why Your House Won’t Sell

By | July 23rd, 2009|

The housing market is still slow, but some homeowners are selling their houses. You may ask "why my house won't sell?" If you're a buyer who is having trouble selling your house, there may be a reason why you can't sell, but your neighbor down the street just sold their house. Make sure your house looks good in pictures, is well staged, and is priced competitively for the neighborhood. If your house is in top condition, make sure that your broker is receiving a good commission as incentive, and that they will split that commission with a buyer's agent.

Buying a New Car or a Used Car

By | July 23rd, 2009|

Should you buy a new car or a used car? There are plenty of factors that will weigh in on the decision, including what kind of financing you can buy, and which car is ultimately the better deal. Also, with the Cash for Clunkers deal, you might get a better deal if you're trading in a used car with a lot worse gas mileage for a new car with great gas mileage.

Best Deal? Buying a New Car or Buying a Used Car

By | July 23rd, 2009|

Should you buy a new car or a used car?

Repaying the $8,000 First Time Home Buyer Tax Credit

By | July 22nd, 2009|

Under what circumstances do you have to repay the $8,000 first time home buyer tax credit? If you bought your first home in 2008, you may have qualified for the $7,500 first time home buyer tax credit that has to be repair in equal $500 installments. But if you bought your home in 2009, you don't have to repay the $8,000 first time home buyer tax credit except in certain circumstances. Here are the rules for knowing when you have to repay the tax credit, so you don't run afoul of IRS rules.

Join Ilyce Glink’s New Facebook Fan Page

By | July 21st, 2009|

Ilyce is almost done with her new book, "Buy, Sell, Move In" (in stores Spring 2010), and we're launching a new [Ilyce Glink Fan Page on Facebook.]...

New Mortgage Fraud Scams Emerged in 2008, FBI Says

By | July 20th, 2009|

In its 2008 survey of mortgage fraud, the FBI concluded there is a strong correlation between mortgage fraud and distressed real estate markets. Indeed, some of the states with the highest levels of mortgage fraud also had the highest levels of foreclosures. But new mortgage fraud scams emerged in 2008 that tested the abilities of the FBI to contain them. Here is a look at the newest mortgage fraud scams.

FBI Reports Mortgage Fraud and Mortgage Scams Increase in 2008

By | July 20th, 2009|

Mortgage fraud and mortgage scams increased dramatically in 2008, as homeowners found themselves pushed into mortgages they couldn't afford, or lenders realized they had approved loans based on false premises. The survey found that mortgage fraud complaints surged in 2008. At least 63 percent of all pending FBI mortgage fraud investigations during FY200 involved dollar losses totaling more than $1 million. There were nearly 64,000 Suspicious Activity Reports (SARs) filed in FY2008, with losses of more than $1.4 billion, an increase of 83 percent over FY2007.

How Do You Withdraw an After Tax 401(k) Contribution?

By | July 20th, 2009|

What happens when you make after tax contributions to a 401(k) plan and you now need the money? Can you withdraw just the after tax contributions and not pay any tax? Or, will the IRS require you to withdraw the funds in a proportionate way, based on the total amount in the plan?

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