Personal Finance Advice Articles and Videos - Page 2

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…

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…

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…

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…

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…

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…

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…

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 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…

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…

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…

If you are planning on buying a home in foreclosure, you may need to work a bit harder than if you were buying any other home. While some real estate owned properties (REO) -- those properties that have already been foreclosed and are owned by a bank -- hit the real estate market with a real estate…

We always say that you should make sure that you obtain a title insurance policy when you purchase a home. That protection is usually quite valuable. However, if you do not use a real estate attorney and think you are buying one thing when you actually are buying another, you may be out of luck…

Buying a home is hard enough. Owning a home is even tougher. But sharing your ownership interest in your home and adding the name of a friend to the title to the home should be done only after careful consideration. You must consider whether you are just friends, will be married, possible breakups…

2010 is finally here and the repeal of the estate tax has come.

But will it go away?

Ten years ago, the slow process of repealing the estate tax started. Due to budget issues, Congress decided to only pass a law that would last ten years. The last of those ten years would eliminate the estate tax…

First TBW goes out of business. Then, borrowers don't know where to send their mortgage payments and payments sent to Equity Accelerator companies were frozen and payments were not being made. Once former TBW borrowers know who their new loan servicer is, they now find out that the money they had in…

If you've just bought a newly constructed home, you should have received a home warranty from the seller. In some cases that home warranty will be a long document, while in others it may be a one page document. In some states, you get the warranty from the builder whether he gives you something in…

Sometimes your current loan will be a better deal than refinancing an interest only loan. If the closing costs are too high to refinance and your interest rate is reasonable, you might be better off keeping your existing mortgage loan. However, if you have cash sitting around, you might consider…

Some borrowers complain that they get nowhere with their lenders in obtaining a loan modification. Other borrowers never even hear from their lenders, but if you are lucky enough to get a loan modification from your lender, you are one of the few. Some borrowers have received documentation from…

The problems continue for former TBW borrowers. Now these borrowers can't seem to get their 1098 mortgage interest tax forms. They should get the tax forms from TBW, but if they don't maybe their new loan servicing company will send it to them.

Ilyce Glink Show Notes - February 7, 2010 - Stock Market Update, Unemployment Update, How to Invest In 2010 Discount LAST WEEK. Stock market was down for the week, and down 7 percent from the high in January. The President submitted a budget for $3.8 trillion that provides some cuts but portends a…

Whey you go out and buy real estate, you should make sure you understand the process of buying a home and surround yourself with a competent real estate attorney, real estate agent and mortgage broker or lender. You should do that and more if you decide to move forward and buy a short sale home or…

$8000 First Time Home Buyer Tax Credit Has Time Restrictions
If you're looking to take advantage of the $8000 first time home buyer tax credit or the $6500 long term (move up) (repeat) home buyer tax credit, you'd better hurry. You have to have a contract signed in hand soon and you must close on…

The real estate market is in such flux, that several years ago home buyers would never consider walking away from their obligations and walking away from a mortgage. However, times have changed and more and more home owners see less of a stigma attached to walking away from a mortgage. As falling…

When a loan servicing company goes out of business, you would think that the troubles would be over for those borrowers that had been dealing with that lender. Think again. Taylor Bean and Whitaker Mortgage Company went out of business last summer. Their customers are still feeling the pain. They…