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Mortgage & Finance

A mortgage, or a home loan, can come in many different forms. A 30-year fixed rate, a 15-year fixed rate, an adjustable rate mortgage, a jumbo loan. And what about prepayment or foreclosure? The articles, blog posts, videos and radio shows on this page will answer all your mortgage questions and help you find the right mortgage for you.

You need to consider the fees and closing costs that you may be charged in obtaining a mortgage, the length of the loan and the amount of the loan. In addition, while the interest rate you obtain is quite important, you need to understand all of the other issues involved in obtaining a mortgage loan for your home or investment property.

Take a look at our hundreds of articles on our site. Some of these articles are listed below. These articles relate to obtaining a mortgage, finding a low interest mortgage loan, the difference between a fixed rate or ARM loan, whether to pay points to buy down your interest rate, and avoiding prepayment penal

Will That Early Mortgage Payment I Made in December Affect My 2014 Taxes?

By | January 6th, 2015|

Smart people use the month of December to work on tax reduction strategies. One of the most common tax reduction strategies is to pay your January mortgage payment in December. If you did this, you may be wondering just how doing so will impact your 2014 taxes—the taxes you pay in 2015. If you paid [...]

5 Tips to Pay Back Debt: The Ilyce Glink Show on January 4, 2015

By | January 4th, 2015|

Here are a few of the topics covered on this week’s WSB radio show. The economy at the end of 2014 [1:50] In the third quarter of 2014, GDP increased to an unbelievable 5 percent due in a large part to the lower gas prices that are freeing up funds for consumers. We are also [...]

When to Consider an Adjustable Rate Mortgage

By | November 25th, 2014|

Whether you’re purchasing a home or refinancing your current mortgage, your lender may have given you the option of taking out an adjustable rate mortgage (ARM). ARMs can be great options, but it’s important to understand how they work before making your decision. ARMs have interest rates that change over the life of the mortgage. [...]

How to Use a Reverse Mortgage as an Investment

By | November 17th, 2014|

If you take out a reverse mortgage and don’t use the funds available, can you use it as an investment? The answer: Yes, if you take out a reverse mortgage and you don’t use the credit immediately, it will grow over time. "The line of credit grows over time because the amount that you have [...]

4 Ways to Save On Monthly Housing Costs

By | October 26th, 2014|

4 ways to save on monthly housing costs. Homeowners who are interested in lowering their monthly housing costs should give these money saving tips a try. Owning a home is cheaper than it was five years ago. Believe it or not, on average, homeowners are spending about $65 less per month on their mortgages than [...]

The Ilyce Glink Show On WSB Radio: October 26, 2014

By | October 26th, 2014|

Here are a few of the topics covered on this week’s radio show. Caller question: I’m moving to a new city for five years—should I buy a new house in cash or take out a mortgage? [3:22] Consider a 10-year mortgage. The interest rates are so low that you can borrow money cheaply, while keeping [...]

4 Steps to Fighting Your Property Taxes

By | September 28th, 2014|

An increase in property value isn’t always a good thing. Increased property values may mean increased property taxes, leaving you with a much higher tax bill than you anticipated. Some homeowners are shocked when they open that letter and find out their home has suddenly jumped 40 percent in value—at least according to their local [...]

Older Americans Facing Increased Mortgage Debt

By | August 27th, 2014|

For many older homeowners, increasing mortgage debt is dulling the sheen on their golden years. Approximately 33 million Americans over the age of 65 own their homes, making them the age group with the highest homeownership rate. But according to a study by the Consumer Financial Protection Bureau (CFPB) released in May 2014, that asset [...]

3 Ways to Take Advantage of Low Interest Rates

By | August 24th, 2014|

Mortgage rates have found their way down to the lowest point of the year. Last week, they hit 4.10 percent for a 30-year fixed-rate mortgage (FRM) and 3.23 percent for a 15-year. Last year at this time, they were 4.58 percent and 3.6 percent respectively, according to the Freddie Mac Primary Mortgage Market Survey. It’s [...]

The Potential Problems with Loan Modifications

By | August 20th, 2014|

If you are one of the millions of homeowners who received a loan modification during the Great Recession, you may now be receiving letters from your home loan servicer with new information about future rate adjustments. How does this affect you? If your rate adjusts, the interest rate on your modified loan could increase by [...]

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