Monthly Archives: August 2010
Ilyce Glink Show Notes – August 22, 2010 – Credit card rules, mortgage rates
Ilyce Glink Show Notes – August 22, 2010 – Credit card rules, mortgage interest rates fall to record lows again, more retirement savers tap 401(k) for loans and hardship withdrawals, 8 more banks fail. This week, new credit card rules go into effect. mortgage interest rates fell again to record lows, bringing a 30-year loan to 4.4 percent (or less) and I was able to get a 15-year loan quoted at 3.75 percent. Fidelity Investment released a new study showing more retirement savers are tapping into their 401(k) either for a loan or hardship withdrawals, a record last matched 10 years ago. And, 8 more banks failed on Friday, including ShoreBank in Chicago. Welcome to our new listeners at 95.5 FM NewsTalk WSB. LOOK BELOW FOR 50% DISCOUNT CODE for HOW TO PROFIT FROM FORECLOSURES. FREE BOOKS and EBOOK DEAL.
Ilyce Glink Show – August 22, 2010 – Credit card rules, mortgage rates
Ilyce Glink Show Notes – August 22, 2010 – Credit card rules, mortgage interest rates fall to record lows again, more retirement savers tap 401(k) for loans and hardship withdrawals, 8 more banks fail. This week, new credit card rules go into effect. mortgage interest rates fell again to record lows, bringing a 30-year loan to 4.4 percent (or less) and I was able to get a 15-year loan quoted at 3.75 percent. Fidelity Investment released a new study showing more retirement savers are tapping into their 401(k) either for a loan or hardship withdrawals, a record last matched 10 years ago. And, 8 more banks failed on Friday, including ShoreBank in Chicago. Welcome to our new listeners at 95.5 FM NewsTalk WSB. USE YOUR 50% DISCOUNT CODE for HOW TO PROFIT FROM FORECLOSURES.
Inherited Property Hit With Gift Taxes When Trying to Sell House
An inherited property may hit a family with gift taxes when the try to sell the inherited house. Poor estate planning can lead to extra taxes. Gift taxes and high capital gains tax are some of the negatives of inherited property. Adult children inherited a property from their parents and now want to sell the house; they will be hit with gift taxes. They want to gift the inherited property back to their parents to avoid gift taxes when selling the inherited property. Talk to an estate attorney about the best options for your estate planning and how to avoid paying extra gift taxes and capital gains taxes on an inherited property.
Will Strategic Default, Short Sale Or Foreclosure Hurt Your Credit Score?
Will a strategic default, short sale or foreclosure hurt your credit score? A homeowner’s loan payments are too high so he considers strategic default, short sale and foreclosure options, but wants to know if it will hurt his credit score. Credit score and credit history will drop if a homeowner completes foreclosure, short sale or strategic default.
Pay Off Investment Property Or Pay Down Mortgage?
Decide to payoff an investment property or pay down the mortgage. Don’t pay off an investment property and pay down the mortgage at the same time. Consider interest rates on loans before paying off mortgage loans on an investment property or primary home mortgage. Refinance mortgage loans before you pay down a primary home mortgage or investment property mortgage loan.
File A Complaint Against A Realtor
File a complaint against a realtor if your real estate agent is unprofessional in trying to sell your home. You can file a complaint against a realtor in several places including the national association of realtors. Speak with other real estate professionals and make sure any bad behavior from your realtor warrants complaint. If you file a complaint against a realtor, understand that your real estate agent will probably not lose his or her real estate license because of a complaint you file against a realtor.
Find A Good Builder For New Construction Home
Trying to find a good builder for a new construction home? Finding a good builder is important because you spend a huge amount of time with a builder and put complete trust in them to do build your new construction home. Selecting a good builder is the first step in a new construction project, you should also hire a good real estate attorney with experience in new construction contracts.
LIVE BLOGGING Release of August Housing Scorecard
The third edition of the Obama Administration’s monthly scorecard on the housing administration was released today. The scorecard looks at housing market indicators and housing recovery efforts to depict the current housing climate.
Should the U.S. Government Refinance All Mortgages at 4%?
Fixing the Mortgage Finance Market was the talk of the week. HUD held a huge half-day seminar to try to get a sense of how all the players feel about the mortgage market and what role Fannie Mae and Freddie Mac should play. Then, came comment from Bill Gross, the bond market maven, that the government should think about refinancing all performing loans at 4 percent, saving homeowners $46 billion in payments, which can give a boost to the economy. Will that work?
Live Blogging: Conference on the Future of Housing Finance
Experts from the housing industry are gathering today in Washington to discuss the future of housing finance. The Conference on the Future of Housing Finance is aimed at gathering public input as the Obama Administration continues to develop a housing finance reform proposal for delivery to Congress by January 2011. The Treasury Department and Department of Housing and Urban Development are the cosponsors of the Conference on the Future of Housing Finance.
