Should I cash out my 401K? Try hiring a financial adviser, reducing your living expenses and refinancing your home. Q: I am a 49 year old who plans to retire from my current job by age 55. My 401(k) is now worth $1.1 million, which is up 20 percent since January. It is invested in several [...]
Got the wrong address on your mortgage documents? Don't worry too much about a typo on your mortgage documents. Q: My mortgage documents list my property address incorrectly. It's a small typo. The lender misspelled the name of my street. Will this cause me problems when it comes time to sell my property? I can’t [...]
Home much home can I afford? Home buying can be stressful when you are concerned about the cost of your mortgage. Q: We are retired school teachers with an income of 51,000. We only have $100,000 saved but our teachers’ pension covers our monthly living expenses. My husband has wanted a small farm and put [...]
On the Ilyce Glink Show on WSB Radio: how long will low mortgage rates last, rising home and house prices, is the economy getting better and the falling budget deficit. I received two emails this week from regular listeners of the Ilyce Glink Show on WSB Radio. They tell me they love the show, but [...]
Ilyce Glink Show on WSB Radio: How is the economy doing and where is it headed with interest rates at historic lows and a budget deficit that is falling? On this week’s Ilyce Glink Show on WSB radio, Ilyce discussed the positives in the economy and where we are seeing economic growth. Ilyce touched on [...]
Hiring a real estate agent to sell your home could be pricey. If you don't want to pay a commission, there are other options. Q: I have a house in the Fayetteville area, south of Atlanta. I am stationed at Fort Bragg NC. I drive home every other weekend and heard part of a radio [...]
Joint mortgage payment problems can stem from one of a few things. Be sure to know who owns what and what percentage of property each owner owns. Q: I hope you can help me out with the following problem: My husband owns 50 percent of this house. The other 50 percent belongs to another couple, [...]
Many people wonder if they should prepay their mortgage. Prepaying a mortgage isn't the best thing for everyone and requires financial planning. Q: I enjoy your articles but I think you left out a couple of extremely important items in your questions to ask about taking out a mortgage loan. In some states, prepayment penalties [...]
The housing markets future predictions is a question many people have. Deciding if you should buy a home now or wait takes some consideration. Q: I am a married, 65-year old retiree. I spent 22 years in the military (with a pension), and then worked another 22 years (44 total) for corporate America. I want [...]
You should think about buying a house as a long term investment. Find out why thinking long term is so important when buying a home. As the housing market finally seems to be picking up again, the question on everyone’s mind remains: Can we trust the real estate market again? While the housing rebound is [...]
