Freddie Mac Promises to Increase Share Price
If you were reading the ThinkGlink blog on November 21, you probably saw that the New York Stock Exchange had given Freddie Mac a warning because its ...
Number of Mortgage Fraud Reports Increases By 45 Percent
Reported incidents of mortgage fraud are on the rise despite fewer loan applications, according to a report by the Mortgage Asset Research Institute. ...
Can Mortgage Lender Get Tax Deduction?
If you become a mortgage lender to a home buyer can you take a tax deduction? Generally no. Mortgage related tax deductions may be taken by home owners or home buyers, not home sellers or mortgage lenders. Try consulting an IRS publication or a tax advisor to find out more about mortgage lenders and tax deductions.
Early Mortgage Payoff With Money Merge Account
Many people want to pay off their mortgages early. One option to pay off a first mortgage early may be to use a home equity loan or line of credit. Is this a good idea? A money merge account or money merge mortgage is a similar idea, where home owners pay all bills out of one account and they may be able to pay off their mortgages early. The catch to a money merge account is the upfront fee, which is not worth it. You can pay off your mortgage early without getting a money merge account or using a home equity line of credit.
Home Equity Loan Fraud Due To Missing Title Names
A bank issues a home equity loan on a home that has four people listed on the title: a husband, wife and in-laws. The bank approved the home equity loan without all four people signing the documents and the husband is concerned his father-in-law may come after him. Was the bank wrong to approve the home equity loan? What liability does the husband have for the home equity loan?
Housing Market: Sell This House High And Buy Low
With the mortgage crisis and shifting American economy you may wonder "when is the best time to sell a house?" You can't time the real estate or housing market to sell a house. One expert, a top real estate agent in Chicago, says you will likely never buy low and sell high unless you're moving to a different state. Learn about the best time to sell a house and buying and selling high and low.
New Kitchen Cookware From KitchenAid
New cookware by KitchenAid has bright colors and innovative design. Stand mixers, blenders and food processors have bright colors and fresh design. KitchenAid accessories make pizza dough, pasta and tortillas. Check out the new glass mixing bowl, pear and candy apple red colors from KitchenAid in this new Expert Real Estate Tips segment.
More Americans Shop Thanksgiving Weekend Compared to 2007
Despite the sluggish economy, more than 172 million shoppers hit the pavement and the keyboard to take advantage of Thanksgiving weekend sales in stor...
Bailout Affects ARM Refinance
How has the recent credit crisis and bailout affected mortgage interest rates? To decide whether to refinance an adjustable rate mortgage into a fixed rate loan you need to understand which index your lender uses to set the ARM interest rate. ARMs are often tied to the London InterBank Offered Rate (LIBOR) or U.S. Treasury bills. These indexes may move in different directions and so you may want to refinance in one case but not the other. When you know which index affects your mortgage loan you will have a better idea of mortgage interest rates.
Today’s Callers
Today on the show, we took calls from: Linda about whether she should pay off her primary residence or retirement properties; Joe, who is 65 and his w...