Buying a car while refinancing your home can cause some problems if you don't have a lot of cash available. Q: Is it ok to buy a car while I am refinancing my home if I am paying cash for the car? A: If you don't take out a loan for the car and you [...]
Giving land to children? Be careful. Giving property to children can cause many problems if you haven't done your research. Q: My parents have agreed to deed two acres of their property to me plus an easement for the driveway back to the future home site. The land was surveyed. The county has confirmed that [...]
When figuring out how to refinance your underwater mortgage, be sure to look into the Home Affordable Refinance Program (HARP 2.0). Q: I enjoy your free weekly newsletter and Ilyce's Sunday show. I have a 6 percent mortgage with my lender on a rental property that has a balance of $75,000. The current value is about [...]
Sometimes a mortgage lender will make a last minute request of a borrower that could have been dealt with early on in the process. Q: I got your name while doing a search on the Internet and I have a question. I was about to go to my closing for my mortgage on the purchase [...]
In order to remove your name from a VA loan, you have several options: strategic default, short sale, foreclosure or bankruptcy. Q: I’ve read about strategic default and bankruptcy, and I’m a bit confused as to which is the better option for me. I have a VA loan on my house in Georgia, that I [...]
Many well-meaning parents simply add their teen drivers to their existing insurance policy. The parents then focus more on driving lessons for their teens than on insurance alternatives. But given young drivers’ learning curve, families may want to find a mileage-based policy that offers savings, solid coverage, and the ability to improve their children’s road skills, [...]
The housing market crash has left many homeowners stuck in their homes, unable to sell or relocate. Without any equity and an underwater mortgage, these homeowners have been desperately searching for relief. Recently, several companies have been seen advertising what seems like a potential lifesaver for these folks. If you are stuck in your home, but want or [...]
Deciding to rent your home instead of selling it is not an easy decision, particularly if you were not planning on becoming a real estate investor in the first place. Homeowners often make this choice when they have their backs against a wall—they cannot sell, but they also cannot stay. If you find yourself stuck [...]
WSB Radio’s Ilyce Glink Show. Borrowers have loan questions with refinance programs and are seeking help with their mortgage problems with Chase Bank. On this week’s Ilyce Glink Show on WSB radio, we talked about how the Dow Jones record high last week does not spell relief for most Americans. While about half of the [...]
Today Ilyce Glink talks about home improvement projects that add value to your home and pay for themselves. If you’re going to spend your hard-earned cash fixing up your home, you’ll want to get the biggest bang for your buck. But do you know which home improvement project has the biggest payoff? Remodeling Magazine routinely [...]
