Using an inheritance to pay off your mortgage can help pay down your mortgage faster. Consider using an inheritance to pay down debts. By: Ilyce Glink and Sam Tamkin Q: I have a 20-year fixed mortgage and am two years into it. If I inherit a chunk of money and want to pay down my [...]
Considering a fix and flip loan with a hard money lender? Think carefully about the double-digit interest rate before signing on. Q: I enjoyed reading your story about on how distressed property REO investments may undermine housing markets. I am the marketing director at a leading hard money lender to residential real estate investors in [...]
We are not saving enough for retirement. Period. According to a report released today by Bankrate, more than a third of Americans have saved nothing for retirement. It's worse for those under 30: More than two-thirds haven't saved anything. That's the first mistake Americans make when saving for retirement--just not saving enough or at all. [...]
Inheriting a timeshare and wondering if you should sell it? Check with an estate attorney to see if you can sell the timeshare. By: Ilyce Glink and Samuel Tamkin Q: I just read an article from 2011 on thinkglink.com where you answered a timeshare question. In that question, you said that if a person died [...]
Wondering about options available for underwater homes? If the bank denies a short sale, you may have to file for bankruptcy. Q: My husband and I purchased a condotel unit in Hawaii in 2006 and the property is way under the water now. We have been trying very hard to keep up with mortgage and [...]
Sean Moffett and Steve Ely join Ilyce to discuss business trends and hot topics in credit on the Ilyce Glink Show on August 18, 2013 on WSB Radio. Ilyce's show always contains various forms of personal finance advice but she has invited two intelligent and engaged professionals to talk about business development, credit and today's economy. These two experts [...]
If you want to know how you can stop your yard from flooding, talk to a landscape designer or the local municipality. Q: I am trying to figure out who is responsible for the flooding and damage that is happening to my property due to runoff from the road. I am hoping that you could [...]
Knowing how to take legal action against a contractor can be complicated. To avoid problems, do a lot of research before hiring a contractor. Q: I’d like to find out what legal actions I can take against contractors. I purchased a home that was a fixer-upper and hired a contractor to do the work, but [...]
Deciding whether to pay off your mortgage or invest in retirement is a common question. Try paying your mortgage with existing funds. By: Ilyce Glink and Samuel Tamkin Q: My husband and I bought a new house a few years ago and are getting ready to sell our old house. With the sale of the [...]
