When figuring out how to refinance your underwater mortgage, be sure to look into the Home Affordable Refinance Program (HARP 2.0). Q: I enjoy your free weekly newsletter and Ilyce's Sunday show. I have a 6 percent mortgage with my lender on a rental property that has a balance of $75,000. The current value is about [...]
The housing market crash has left many homeowners stuck in their homes, unable to sell or relocate. Without any equity and an underwater mortgage, these homeowners have been desperately searching for relief. Recently, several companies have been seen advertising what seems like a potential lifesaver for these folks. If you are stuck in your home, but want or [...]
Deciding to rent your home instead of selling it is not an easy decision, particularly if you were not planning on becoming a real estate investor in the first place. Homeowners often make this choice when they have their backs against a wall—they cannot sell, but they also cannot stay. If you find yourself stuck [...]
WSB Radio’s Ilyce Glink Show. Borrowers have loan questions with refinance programs and are seeking help with their mortgage problems with Chase Bank. On this week’s Ilyce Glink Show on WSB radio, we talked about how the Dow Jones record high last week does not spell relief for most Americans. While about half of the [...]
Today Ilyce Glink talks about home improvement projects that add value to your home and pay for themselves. If you’re going to spend your hard-earned cash fixing up your home, you’ll want to get the biggest bang for your buck. But do you know which home improvement project has the biggest payoff? Remodeling Magazine routinely [...]
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 [...]
Home prices are on the rise with fewer foreclosures. Ilyce Glink talks about the fall of underwater homes on today's Real Estate Minute. Over the past five years, your home probably lost at least a third of its value. The good news is that the bleeding has stopped and home prices are starting to turn [...]
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 [...]
Selling you home in a short sale: Is a short sale worth it? A short sale can affect your credit, but you get a break from the IRS in 2013. Q: Our daughter and son-in-law are looking into using a company that sells new homes but agrees to lease your current residence for six months. [...]
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 [...]
