If you have zoning issues you might not be able to get a HARP refinance. Check your zoning codes before trying to get an appraisal. Q: I own a duplex building near Georgia Tech which is rented to students. It's not the classic duplex with two equal sides. It has an upstairs, downstairs, and a [...]
A look into the real estate history and changes that have taken place in the real estate industry in terms of buying and selling your home. For the past twenty years, we’ve been chronicling the developments in the real estate industry in this weekly column. Boy, have times changed. Twenty years ago, the Internet didn’t [...]
Trying to decide between a 30-year mortgage and a 15-year mortgage? Go with the 15-year mortgage to save money and be debt free. Q: I caught a portion of a response you made on your radio show about comparing a 30-year loan versus a 15-year loan. If I understood you correctly, the difference between these [...]
Ilyce Glink explains how to avoid foreclosure with a deed in lieu of foreclosure on today's Real Estate Minute. If you’re on time with your payments, but underwater with your mortgage, and your loan is owned by Fannie Mae (FNMA) and Freddie Mac, you may be able to walk away from your property without going [...]
Learn how to reduce monthly mortgage payments to save money on today's Real Estate Minute with Ilyce Glink. As a home owner you should always take the initiative to find low-risk ways to reduce your mortgage payments. By making one extra payment every year on your mortgage, you could substantially reduce your total payments. https://www.youtube.com/watch?v=moKqhd6eSEE [...]
Are you refinancing with a lien on your property? If you also have title insurance issues, you need to resolve them before you can refinance. Q: Our home has a lien on it from the Georgia Department of Revenue. The Department of Revenue gave us the go ahead to refinance our loan or get a [...]
Now is the best time to refinance and lower your mortgage interest rates. Make sure your lender is giving you the best interest rates out there. Q: My current lender contacted me with an offer to lower the interest rate on my mortgage. I'm hesitant because the deal just looked too good to be true. [...]
The average length of time for a refinance can vary if they don't have the right documents needed for a mortgage refinance. Q: My husband and I started a refinance late last year with an Internet lender and we are still going through the process. Now, our mortgage broker wants a letter about my husband's [...]
When transferring home ownership, be aware of the tax implications that could cost you a lot of money. Q: My brother wants to transfer ownership of his home into my name and I need to know what the tax implications are for him and me if we do this. He received a settlement from his [...]
Trying to decide if you should buy a new house and rent out your old house? A good idea is to decide whether it will be a short or long term investment. Q: My wife and I have saved about $225,000 and want to buy a bigger home with the cash. We owe about $120,000 [...]
