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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Refinancing Mortgage Loan May Require Subordination Agreement

By | January 19th, 2009|

In light of the financial crisis some banks are covering their bases more carefully when they refinance mortgage loans. You may be asked to obtain a subordination agreement when you refinance a primary mortgage loan so it's clear that your mortgage lender has first rights to the collateral, your home, in case of default. If your home equity loan lender doesn't want to sign the subordination agreement you may have to close your home equity loan and get a new one through a different mortgage lender.

Refinancing Mortgage May Not Work

By | January 19th, 2009|

When interest rates are low it may seem a good time to refinance a mortgage loan, but other factors have to come together as well. If you've just lost your job or don't have enough equity in your home you may not be a good candidate for mortgage refinancing. In addition, lenders have tightened credit history and credit score requirements for refinancing. Learn what you can do to improve your chances for successfully refinancing your mortgage loan.

Refinancing Mortgage To Pay Credit Card Debt Bad Idea

By | January 19th, 2009|

Refinancing a mortgage to pay off credit card debt isn't a good idea, especially if your mortgage is at a good interest rate. Ilyce suggests other methods to pay off credit card debt, besides refinancing your mortgage. Besides refinancing your mortgage, you can get a second job or get a home equity loan to pay off credit card debt.

Refinancing Required To Remove Name From Mortgage

By | January 19th, 2009|

When you sign a quit claim deed, it removes your name from the home's title, but if your name is on the mortgage, you still have financial responsibility. To remove your name from a mortgage loan the loan must go through refinancing. A quit claim deed only change's a home's ownership, not its financing.

Rehab Home Or Sell To Developer?

By | January 19th, 2009|

A son has inherited his parent's dated home and is torn between fixing it up or selling it cheaply to a developer. Fixing up the home could turn a large profit. But selling the home to a developer could save the son time and heartache.

Renegotiating A Home Security System Contract

By | January 19th, 2009|

A homeowner wants to know if she should pay an additional charge for a service agreement on her home security system.

Rental Property Fines Possible With Illegal Apartment

By | January 19th, 2009|

A life estate allows someone to keep living in a home even though someone else owns the property. When there's a life estate in effect on a property, if a municipality doesn't allow a building to house an apartment, the person living in the home is responsible to pay the fine. In some cases municipalities will require a property with a violation be torn down, but the property owners have a right to try to protect their property.

Rental Property Income Pays College Tuition

By | January 19th, 2009|

Can non-traditional methods, like income from rental property actually pay for college tuition? Income from a rental property - not just CDs and stocks can help you save money for your child's college tuition. After paying college tuition, the income from rental property can be saved for retirement and used in other ways.

Renting Beats Buying A Home In Short Term

By | January 19th, 2009|

When you're relocating your family for a short, set amount of time should you rent or buy a home? In light of the current housing market, it may be better to rent. You may not be able to recoup the costs of buying a home in a short time frame. When you're choosing between buying and renting think about where you're moving to and what kind of housing market is there.

Renting Home Better Than Selling In This Housing Market

By | January 19th, 2009|

If you're trying to sell your home in the current housing market you may be having some trouble. You may not get as much for your home as you want if you sell in the current housing market. Instead of selling your home, maybe renting the home is a better option. Renting the home will enable you to continue paying the mortgage and not suffer a loss in the home's value in this housing market.

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