home value
Listing Price For Home Key To Selling
Home price may be biggest issue when selling a home in the current real estate market. Q: I have a problem. My property was appraised about five years ago for 50 percent more than what it’s worth now, according to …
Ilyce Glink on the Clark Howard Show – Thanksgiving Financial Markets – November 23, 2011
Thanksgiving financial markets. Mortgage loans and ARM mortgage interest rates hit new all-time lows while home values are down. And as usual, providing personal finance advice, real estate advice and consumer advice with Ilyce Glink on the Clark Howard Show …
When Is PMI Required
Q: I just heard Ilyce on the radio talking to a listener about a house he was purchasing from his parents. She said that he would have to pay private mortgage insurance (PMI) if the appraisal came back and showed …
Options for Underwater Mortgage Holders
Q: I need guidance on what to do with my underwater mortgage. My wife, my preschooler, my infant and I are living in a house that we owe $90,000 on that we bought eight years ago for about $100,000. Comps …
Al Capone Home in Chicago For Sale
When I was touring South Africa as a recent high school graduate in the summer of 1996, a strange pattern caught me by surprise. In more than a few instances, when I informed a stranger that I hailed from the …
Understanding Streamline Refinancing
Q: I was trying to do a streamline refinance of my mortgage and was told that the lender can’t decrease the interest rate on my loan without changing the number of years left on my loan. I have never refinanced …
Strategic Default: When To Walk Away From Mortgages
A reader considers a strategic default on her home mortgage loan. Q: I am pushing 73 and my house is underwater. I have a first loan of about $140,000 and a second loan of about $18,000 with a 7.85 percent interest …
Selling House At A Loss Might Have Benefits
Q: Can you please help me. I am 32 years old and earn $63,000 a year and invest 8 percent of my salary into my company’s 401(k) plan. I have $90,000 in cash in the bank. I also have a …
How Will Foreclosure Affect My Credit Score
Q: I was recently divorced and bought a home. However, I have a rental property in an area which is quite depressed and where crime has increased. Homes in that area are now selling for about $15,000 and there are …
How To Buy Earthquake Insurance
Q: Who sells earthquake insurance? I have insurance through a national insurance carrier but they no longer carry it as an extra option. Can you get earthquake insurance from a central location and still keep my current insurance carrier? A: …
