Monthly Archives: February 2010
Ilyce Glink Show Notes – February 28, 2010: Investing, Home Buyer Tax Credit, Tax Questions
Ilyce Glink Show Notes – February 28, 2010: Investing, Home Buyer Tax Credit, Tax Questions. Housing numbers were rather bleak this week, with demand for new and existing homes down sharply in January. Today on the show we covered unemployment, COBRA continuation extension, unemployment insurance continuation vote In the House and Senate. How to Invest Your Money in 2010 DISCOUNT CODE: clint. FREE BOOKS and EBOOKS. IRS.gov Saver’s Credit
Ilyce Glink on WSB Radio – Investing, Home Buyer Tax Credit, Tax Questions – Feb. 28, 2010
Ilyce Glink Show Notes – February 28, 2010: Investing, Home Buyer Tax Credit, Tax Questions. Housing numbers were rather bleak this week, with demand for new and existing homes down sharply in January. Today on the show we covered unemployment, COBRA continuation extension, unemployment insurance continuation vote In the House and Senate. How to Invest Your Money in 2010 DISCOUNT CODE: clint. FREE BOOKS and EBOOKS. IRS.gov Saver’s Credit. Visit Ilyce’s blog for more show notes and links.
Whether To Refinance Mortgage Or Pay Down Existing Loan
Given today’s low interest rates, you may decide to refinance a mortgage loan today but may not get all of the benefits. You have to watch out for high costs in refinancing your mortgage loan and have to make sure the costs don’t outweigh the benefits of the lower interest rate. In some cases, the monthly savings will not be enough to cover the costs of the refinance. The best real estate advice you can get is to make sure you can lower your interest rate, shorten the term of your loan, save money on your monthly payment and keep the refinance costs low.
Ilyce Glink Show – February 21, 2010 – How to Invest Your Money in 2010 New Discount
Ilyce Glink Show – February 21, 2010 – How to Invest Your Money in 2010 New Discount 40% full ticket price. Join us March 27, 2010 for our next ThinkGlink event: How to Invest Your Money in 2010, at the Gwinnett Center. Ticket details and discount information below. On today’s Ilyce Glink show, we discussed the Federal Reserve’s move to raise the interest rate by .25% for the amount that banks borrow and the new credit card rules that go into effect tomorrow. Should you refinance your mortgage? I listed the four questions you have to answer before you start a refinance. Jon and Kate (Plus 
finally sold their starter house how much did they get? FREE BOOKS/EBOOK DEAL
How To Sell Home To Current Tenants
Everybody is looking for a quick sale of their property. If a homeowner can’t sell using normal real estate channels, then maybe non-conventional sales can be effective. You can try to use a real estate broker to sell your property, but if you have tenants in the property, you might try to see if they are willing buyers of your home. If they are, you can sell them the home outright or you can decide if you want to sell it to them by other means. One way to entice a tenant to buy the home is to offer them a lease with an option to buy the home. Another way to sell the home to current tenant is to offer them seller financing. The financing can be either by using a mortgage or by selling them the home on an installment basis.
Problems Refinancing Condo With New Lending Guidelines
The real estate landscape is changing. But nothing is changing as fast as lending guidelines and requirements for condominiums. Due to the large number of foreclosures and loan problems with condominium projects and buildings, lenders have become overly cautious in their loan practices. Some of these lending guidelines get even worse if you are in an area that has been particularly hard hit by falling home prices. Fannie Mae and Freddie Mac have set up guidelines for condominium projects and not all projects can or will qualify under their guidelines. If the condo project is not approved under the required guidelines, a buyer or an existing owner of a condominium unit will have trouble and problems refinancing the condo. FHA has its own set of approval requirements that condominium projects have to abide by.
Home Affordable Refinance Program vs. Home Affordable Modification Program Part 1
The Obama administration has in place at least two plans to help homeowners. One plan helps homeowners refinance their homes even if their homes have decreased in value. The other plan helps homeowners obtain loan modifications from their lenders particularly if they have a financial hardship. Can either of these plans help you. The Home Affordable Refinance Program is there to help you refinance a loan. The Home Affordable Modification Program is there to help you modify the existing terms of your loan.
Lender Will Require Tax Documentation From You When Buying A First Home
Back in the booming real estate market days, lenders might not have required much documentation from borrowers. But with the change in the real estate market and dropping real estate values, lenders will look at every piece of paper. A loan application will seem like it takes forever and the lender with require more and more documentation. Some people are complaining that the loan application process is taking too long and that lenders have gone way to far in reviewing files. But in this market and from the real estate market we came from, is that bad? One important piece of documentation the lender will require will be copies of filed tax returns for the last two years. In addition, the lender will require you to sign a tax form allowing the lender to actually get a transcript of your tax return from the IRS.
Option ARMs Coming Due May Still Cause Problems For Banks
With an Option ARM, you could have an adjustable rate loan, get a low interest rate and even pick your own payment amount. If you picked a low payment, you would be increasing the amount you owed the lender. The low payment would not have been enough to actually paid what was owed on the loan. After several years of making a low payment, the payment resets to a much higher amount. But with an increased balance on the loan, the option ARM becomes a real problem for the homeowner and the bank. With dropping home prices, the borrower can’t refinance and is probably underwater in his or her loan. When the loan comes due or in some cases before that, the borrower might walk away from the property. With thousands of option ARMs coming due the next several years, the banks have real problems in the horizon.
Ilyce Glink Show – Tax Special – Feb. 14, 2010
Ilyce Glink Show Notes: February 14, 2010 – Last Weekend for Investing Event Discount and Tax Show. Happy Valentines Day. This is our last weekend for the 50 percent discount on our How to Invest Your Money in 2010 event, at the Gwinnett Center, in Duluth, GA. The price for tickets goes up on Tuesday at midnight, so be sure to sign up now. Today, we’re talking about the economy, the stock market and the increasing number of delinquent mortgages. In the second hour of the show we will answer your tax questions. CPAs Sheldon Donner and Kathie Gottlieb will be by to answer your tax questions. Taylor Bean and Whitaker Mortgage company update. Visit Ilyce’s blog fore more show notes
