When you get a low appraisal in a hot real real estate market, it could kill your deal. But there are a few things you can do before having to lower the list price or kill the deal. Q: I heard Ilyce recently on WBEZ radio. I'm moving to Chicago from Minnesota and was blown [...]
My husband is going to take out a mortgage with my mother-in- law, put the house into a trust, name themselves as the trustees, and my husband and his siblings as the beneficiaries. Is taking out a mortgage with my mother-in- law a good idea? Q: My husband and I made on offer to my [...]
When it comes to money, Millennials are doing better than many people think. And yet the vast majority are still fretting about their money, even as the oldest part of the cohort has begun applying for mortgages. Let’s start with money. Millennials (age 23 to 37) are saving money. There’s no doubt about it. Nearly [...]
Studies have shown time and time again that money stress is bad for marriages and can sometimes even lead to divorce. Last month, in honor of Valentine's Day, Reuters Money got a bunch of financial experts together for a Love and Money Twitter chat aimed at helping couples work through their dollar-based differences and keep their [...]
Family and money—the combination can be tricky, and when it comes to talking about finances with aging parents, years of communication and family culture can often get in the way. That’s why many financial professionals say that using a sensitive, respectful, and tactful tone with adult parents may make financial conversations easier. “It is a [...]
Why does landscaping matter in flood or drought conditions? What are the rights you have for collecting rent if you're a landlord? Get answers to these questions by listening to this week’s Ilyce Glink Show. You can click the audio link below to listen to the full show, or download the podcast via iTunes. More About This Show Why [...]
Why are Millennials more confident than other generations that they’ll reach their financial goals? Why are house payments more affordable than fair market rents in 76 percent of U.S. housing markets? Get answers to these questions by listening to this week's Ilyce Glink Show. You can click the audio link below to listen to the full show, or download [...]
If you take out a reverse mortgage and don’t use the funds available, can you use it as an investment? The answer: Yes, if you take out a reverse mortgage and you don’t use the credit immediately, it will grow over time. "The line of credit grows over time because the amount that you have [...]
How do you know if you’re ready for a financial planner? After all, it’s sort of a strange proposition: You’re spending money on someone who will tell you how to spend your money. But that’s exactly why millions of people see financial planners in the first place. “Typically, people who come to me are already [...]
So you’re getting married and you’ve opted to change your last name. Congratulations! But as you’ll soon find out, changing your name is not quite as simple as just signing the marriage license. You need to notify a number of different agencies about your name switcheroo. It’s a bit of work, but don’t worry—it’s not [...]
