Knowing when you can refinance after a short sale is crucial. Generally you will wait two to three years before getting a new loan approved. By: Ilyce Glink and Samuel Tamkin Q: Thanks for all the good information you provide. About 18 months ago, I sold short an investment property. I would like to refinance [...]
Filing bankruptcy or choosing debt consolidation is something to consider when you're far in debt. Decide which is better to start paying your debt. Q: I am over $20,000 in credit card debt, and I make $24,000 a year, net. My question is would debt consolidation be the right choice through one of the many [...]
Jake Adger, Dennis Carlson, Rick Sharga and Theresa Bradley-Banta join Ilyce to talk about recent trends and hot topics in personal finance on the Ilyce Glink Show on August 11, 2013 on WSB Radio. Ilyce's show always contains various forms of personal finance advice but she has invited four intelligent and engaged professionals to talk about [...]
Ilyce Glink Show on WSB Radio: The unemployment rate in today's economy has come down a little bit, but it is still not great. On this week’s Ilyce Glink Show on WSB Radio, Ilyce discussed unemployment numbers and whether or not they represent a strong economy. The unemployment rate is officially at 7.4 percent and [...]
What if there are issues with property tax exemptions for seniors? Senior homeowners are typically entitled to take an extra exemption. Q: When my mother died some years ago, her senior exemption was not removed from her property, which I inherited and now live in. How do I correct this tax problem? It has gone [...]
Using a self-directed IRA to invest in real estate will allow you to lend yourself the money to buy real estate. Q: My partner and I are considering rolling over his 401k into a self-directed IRA in order to purchase rental property. I was wondering if you have any information on how to vet this [...]
When deciding to refinance a 30-year mortgage to a 15-year, know that it could build up equity faster and save money over the life of the loan. By: Ilyce Glink and Samuel Tamkin Q: I recently talked to Chase and Quicken Loans and Quicken came back and said I could lower my monthly payment by [...]
Ilyce Glink Show on WSB Radio: New data shows that mortgage delinquency rates are up after five months of improvement. On this week’s Ilyce Glink Show on WSB Radio, Ilyce discussed how mortgage delinquencies have taken a sharp turn up. According to Lender Processing Services, the national delinquency rate is at 6.7 percent, which is [...]
If you have a home eviction on your credit report, knowing how to remove it is important. Ask for a copy of your report and look for mistakes. Q: I had a mortgage with a big box lender. I lost my job and hung on as long as possible. My home was actively listed for [...]
