Homes are more affordable than they’ve been in decades, and mortgage interest rates are at historic lows. As a result, many first-time homebuyers feel that this is the perfect time to jump into the real estate market. Buying a home is exciting, but it can also come with unforeseen economic obstacles. If you are a [...]
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 [...]
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 [...]
Ilyce Glink Show on WSB Radio: Giving real estate and personal finance advice. From investing in real estate to finding a good mortgage broker or lender to choosing a real estate listing agent and your every day decisions on money, you can rely on Ilyce to give you the best advice on real estate and [...]
Paid off your mortgage? To get documents showing your mortgage is paid off, check with your lender for a paid-in-full letter. Q: In your recent Real Estate Matters column you said that when you pay off your mortgage you should receive -- among other things -- the original note marked "paid" or shown with a [...]
A major cause of the housing crash in 2006 and 2007 was poorly documented mortgages that should not have been approved. Many of these mortgages ended in default and contributed to the four million foreclosures that cost families their homes and lowered home values by 50 percent or more in some communities. Mortgage lenders that [...]
If you want to perk up a real estate agent, just say, “Spring is here.” Spring is normally the busiest time of year for real estate agents and brokers, and this year looks to be more of the same. As February’s colder-than-average temperatures started to rise, the real estate market also began heating up. Sales [...]
Ilyce Glink Show on WSB Radio: Giving real estate and personal finance advice. From refinancing your mortgage to home closing tips to investing in foreclosures 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 [...]
