Financing Articles and Videos - Page 1

A condo hotel may not be the best choice for an investment property because the financing for a condo hotel can be very expensive. If you can even get a loan for a condo hotel property, you probably will not make any profit because it is so expensive. Condo hotels became very popular, but usually…

If you're looking for home loan financing, new condo financing rules went into effect that may make financing for your condo impossible. Fannie Mae, Freddie Mac and FHA have new stricter rules when it comes to condo financing. You may have to buy in an approved property, not have renters in your…

If you're looking to get financing for real estate investment property, Fannie Mae might throw some restrictions at you. Fannie Mae is limiting investment property financing to up to 10 properties. Other lenders might be following more strict guidelines, like four-property rule for investment…

When you build a home you may take out a construction loan. You may later decide to convert that construction loan to a permanent loan. Does changing your home financing affect your credit score or credit history? Will your credit score or credit history be negatively affected if you refinance a…

If you're a fan of the Ilyce Glink Show on WSB Radio, you will want to check out the podcasts from Ilyce Glink's Makeover Your Money Event.

The Makeover Your Money Event was a full day in Atlanta of sessions with Ilyce and expert panelists on topics like Debt & Credit, Financing & Foreclosure and …

For the week ending May 8, the number of mortgage applications filed fell by 8.6 percent from a week earlier, reported the Mortgage Bankers Association today.

MBA's Refinance Index dropped by 11.2 percent while the Purchase Index increased by 0.5 percent from a week earlier, on a seasonally adjusted…

Ilyce Glink's Makeover Your Money - Part 2

Financing & Foreclosure with panelists Mike Rose, Bank of America; Sarah Bolling, Legal Aid Society of Atlanta and Margaret McNeal, CCCS of Greater Atlanta
At the Makeover Your Money Event in Atlanta on May 9, 2009, Ilyce Glink moderated a panel discussion…

Ilyce Glink's Makeover Your Money - Full Day

Debt & Credit with panelists Steve Ely, Equifax and Rodney Tullie, CCCS of Greater Atlanta
Financing & Foreclosure with panelists Mike Rose, Bank of America; Sarah Bolling, Legal Aid Society of Atlanta and Margaret McNeal, CCCS of Greater Atlanta
…

With mortgage rates at record lows and the $8,000 first time home buyer tax credit many Americans are thinking about buying a home. What should you consider when you're buying a home? What financial calculations could you make to decide between buying and renting? While renting does appear more cost…

A prospective car buyer has saved enough to buy his next automobile in cash, but is considering financing it to build on his already-good credit. A car loan isn’t needed to keep your credit in great shape. If you’re able to buy a car with cash, you can use the Internet to research and negotiate and…

Getting pre-qualified for a loan means the lender has taken your basic personal financial information to determine an amount you're qualified to borrow for a mortgage. Getting pre-approved means applying for a loan with the lender's commitment. Having a pre-approval will ensure you have financing in…

U.S. Treasury Secretary Tim Geithner Written Testimony -- As prepared for delivery House Ways and Means Committee Hearing March 3, 2009

Chairman Rangel, Ranking Member Camp, members of the Committee, thank you for providing me the opportunity to appear before you today to discuss the President's…

A lender offers the buyer a 100 percent mortgage but the real estate agent is not enthusiastic. Even with a 100 percent mortgage loan, showing the agent and the sellers that you are serious is very important. Think about getting pre-approval or a letter of commitment, even with a 100 percent…

A couple is 5 years from retirement and asks Ilyce whether they should refinance their existing home to finance the purchase of property that they will eventually build their retirement home on. Ilyce suggests holding off on refinancing their existing home and buying the vacant lot, because they…

A low appraisal makes it impossible to get financing to buy a house. If there is a financing contingency in the contract, buyers can back out if they cannot secure financing by a certain date. Without a financing contingency, buyers could be sued to force the sale of the home they agreed to buy.

It used to be that you could apply for a mortgage for an investment property if you owned up to 10 properties. Fannie Mae and Freddie Mac have restricted their lending rules for investment properties so you can now only have four investment properties and get a mortgage. Learn why the rules changed…

First time home buyers should know why it's important to use a real estate attorney and do their research before putting money down on a home. First time home buyers need to research different real estate terms, learn more about real estate matters, and consult an attorney before making a decision…

Financing a car may be a better option for some people than paying cash. Financing your car through the dealer, allows you to use the cash for other purposes. If you finance instead of paying cash there are several things to get in writing including the prices of the vehicle, the finance charge and…

I've got an investment property that the renter is interested in buying. I am considering offering them owner financing, but am not sure where to get the documents written up. Also, the house has a mortgage in my name. If I do sell them the house, what will my lender do?

Is it better to prepay a mortgage, refinance, or get a fixed-rate home equity loan to save money? Ilyce recommends getting a fixed-rate home equity loan if you can't refinance, rather than just prepaying your current mortgage. By prepaying on a fixed-rate home equity loan, you can shave money off…