Ilyce Glink Show on WSB Radio: Giving real estate and personal finance advice. From investing in real estate to first time home buying to home equity loans and your every day decisions on money, you can rely on Ilyce to give you the best advice on real estate and personal finance. Whether you’re thinking about [...]
Wondering if your lender allows mortgage prepayment? Most lenders today have stopped carrying out mortgage prepayment penalties. Q: You recently answered a question about a rental property owner deciding whether to refinance into a 15-year vs. a 30-year loan. I bought my house in 1976 for $70,000 with a 30-year loan where the mortgage payment [...]
If you want to buy a building, then you should check out these five ways to successfully invest in real estate. Home buyers and real estate investors have been in a good mood for years, since around 2007, when the housing crisis began. And why not? Historic low interest rates combined with home values that [...]
What documents do I get after paying off my mortgage? These are the documents you should receive from your lender after paying off your mortgage. Q: My husband and I love to read your articles in the Home section of our local paper. We are close to paying off our home mortgage and would like [...]
Know who owns the mineral rights on your property when talking to gas and oil companies. When buying a new home, find out if you own the mineral rights. Q: How can it be legal for gas and oil companies to drill under my daughter’s property without her permission? In my mind, that is the [...]
Ilyce Glink Show on WSB Radio: Giving real estate and personal finance advice. From home inspection to home improvement to your investment choices and your every day decisions on money, you can rely on Ilyce to give you the best advice on real estate and personal finance. Whether you’re thinking about buying a new home, investing in [...]
Want to know your options for an underwater mortgage refinance? Here's what to do when you can't refinance your underwater mortgage. Q: I built my home in 2006 for $750,000. I have a loan with a balance of about $525,000 and an interest rate of 6.625 percent. I have been trying to refinance my mortgage [...]
When going through a divorce and breaking up your mortgage, a mortgage loan assumption might be an option that could help. Q: I read your recent column in my local paper titled “Giving up interest does not free you from mortgage obligation.” The ex-wife was willing to give up her claim on the home to [...]
Thinking about becoming a landlord? Renting out your home with a small VA loan has its benefits, but think hard about becoming a landlord. Q: I am 51 years old and married without kids. Together, we earn around $100,000. I have a Veteran’s Administration (VA) mortgage with about $38,000 left on the loan. We also [...]
Reserve funds for condos: what are the requirements? Mortgage lenders pay closer attention to reserve funds for condos as requirements have increased. Q: In trying to sell a condominium, the buyer was denied a loan due to the fact the condo/management association did not transfer 10 percent into the reserve fund. What are the requirements [...]
