Bank Fees and ATM fees are driving consumers crazy. Ilyce Glink appeared on Morningstar with host Christine Benz and discussed that people underestimate the complications involved in switching financial institutions. Ilyce cautioned viewers: think twice before ditching your bank. Major financial institutions like Bank of America, Chase and others have recently backed away from unpopular [...]
Last month, while I was frantically trying to finish up a Pennsylvania client’s tax return, I discovered that we had missed a $500 to $650 state property tax credit for seniors. To snag that credit, it seemed that the return should have been filed by June 30. But, oh ho! The state had extended the [...]
Julie Stav on the show. Mortgage interest Rates and the Bailout of Greece. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show November 6, 2011 on WSB Radio. Greece - what a country! The nation's Prime Minister George Papandreou was set to put the proposed Eurozone [...]
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 he was above the 20 percent equity threshold. I just bought a foreclosure here in [...]
This past Summer, our friends’ beautiful 100-year old home was hit by lightning and caught on fire. The house was a total loss and it will take them two years to rebuild. While lightning strikes can set a house on fire, more than a quarter of all house fires happen in the winter. According to [...]
Q: I was reading several of your articles in a New Jersey paper about loan modifications and what a nightmare they are. It made me tear up reading the second article which was almost exactly what we experienced with our lender. Our poor financial situation was caused by a health-related issue, as so many are. [...]
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 in our neighborhood put the current value of our house at about $50,000. Three foreclosures [...]
On the surface, housing market predictions should be picking up: Mortgage rates are at all-time lows, foreclosure filings are roughly 30 percent lower than in the third quarter of 2010, and housing starts were up 15 percent from August to September. However, a closer look reveals that this upswing is not what it seems. The [...]
Roth IRAs are great for some, but some don't appreciate the benefits. Q: Everyone talks about what a great product the Roth IRA is. But my belief is one is contributing after-tax money. That means you’re likely paying at least 40 percent in state and federal taxes on the cash. Imagine if you didn’t pay [...]
In this series, we will ask top experts for their retirement advice the most common retirement questions from our readers. Every portfolio is different, but when it comes to your retirement planning, many people have the same retirement questions and make the same retirement mistakes. Retirement advice from expert Bud Hebeler might help you avoid [...]
