When To Pay Off Mortgage
When should a homeowner pay off a mortgage? To pay off the mortgage or have no more mortgage makes sense if your cash flow is dropping or you're losing money on your other investments.
Foreclosure Numbers Reach Highest Level
Here's some sobering news: the rate of foreclosure starts and the percent of loans in foreclosure are at the highest levels ever, according to the Mor...
Increase Cash Flow To Pay Down Mortgage
A teacher is trying to sell her house, but she's worried about the slow market and her adjustable rate mortgage resetting to a monthly payment that she can't afford on her income. She wants to know how to pay down her mortgage, or what other options she has. To pay down your mortgage you can get another job or get a tenant to live with you. The only way to increase cash flow is to increase your income or lower expenses.
Finding A Great Home Inspector
As you're getting your home ready for sale, you may want to do a prelisting inspection. You'll need to find a good home inspector when you sell your home. Visit ASHI's website and talk to people you know to find a trustworthy home inspector.
OCC Throws Its Hat In The Ring
www.thinkglink.com/uploaded_images/shutterstock_9914677-759105.jpg www.thinkglink.com/uploaded_images/shutterstock_9914677-759071.jpg This is the 4...
How To Buy A Foreclosure
Foreclosure expert Ralph Roberts provides tips on how to buy a foreclosure in Ilyce's column. Becoming familiar with real estate documents is essential to know how to buy a foreclosure.
Mortgage Bankers Announce Latest Mortgage Stats
The number of mortgage loan applications rose 3 percent since last week, announced the Mortgage Bankers Association this morning. Word must be getting...
Contractor Wants A Bank Commitment Letter
A buyer says his contractor wants a bank commitment letter. A bank commitment letter states that the bank agrees to fund a mortgage. Ilyce suggests he hire a real estate attorney so he’s not doing the deal blindly.
IRS Home Sale Exemption
If you lost a spouse, do you still qualify for the $500,000 home sale exemption when selling your primary residence? A new law permits widowed spouses to take the married exemption if the house is sold within two years. The exemption allows sellers to keep $250,000 in profits tax-free or $500,000 if married.