It’s possible to buy a house with no regrets – if you’re willing to do your homework first. http://youtu.be/N7CALu_mAk0 In a survey conducted in the second quarter of 2014 by Chase Bank, 39 percent of people said they’d choose a house of a different size, different price or even in a different area if they [...]
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 [...]
Ilyce Glink Show on WSB Radio: Giving real estate and personal finance advice. From refinancing your mortgage to finding the right real estate agent 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 [...]
Recently, FICO introduced a new scoring model that could potentially make a big impact on housing—if mortgage lenders ever use it. The FICO 9 score would limit the impact of paid medical collections on a consumer’s credit score, potentially lifting scores by 25 points on average, the company says. That’s good news to anyone who’s [...]
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 [...]
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 [...]
Every real estate investor makes mistakes, myself included. But you learn from them and ultimately build experience for the next time. On my radio show this week, I asked Brandon Turner, the vice president of marketing and communications at BiggerPockets.com, a real estate investing social network, about some of the biggest mistakes investors make. “The [...]
If you’ve found yourself in financial difficulty, you may be considering bankruptcy, which allows you to settle with your creditors in court. In a bankruptcy, you may be able reorganize your debts to make your payments more manageable—or even eliminate your debts completely. While a bankruptcy can help you get rid of your debt in [...]
Down payments have always been the greatest barrier to first time homebuyers—and, unfortunately, they still are. For a brief period ten years ago, lenders marketed mortgages with no money down, which made it possible for buyers to circumvent the down payment requirements that would have kept them out of the market. When home values plummeted, [...]
Bankruptcy filings increased nearly 30 percent at the height of the Great Recession, and many Americans are still recovering. Fortunately, some of my listeners are rebuilding their lives and moving on from bankruptcy. Others wonder why their mortgage payments aren't being reported after bankruptcy. On last week’s radio show, one listener said her bank told her [...]
