Q: I am current on my 8-year-old FHA mortgage, which is with one of the big banks. I want to refinance to take advantage of lower interest rates. When I have called my lender, they told me it would cost me $4,000 to $6,000 in closing costs to refinance. What I want is a streamline [...]
Q: I recently sold a property in Texas to my aunt. This was a one-sixth undivided interest in a family farm. My brother owns another one-sixth. We received these pieces of property when my mother passed away a year ago. My tax lady needs an appraisal of my one-sixth property, but the appraisers want to [...]
Q: I am a Realtor and my husband was recently laid off. Our lender, which is one of the big box lenders, put us on a forbearance plan until July 2011. I’m not sure why they did not give us a trial plan or a permanent loan modification. We need a permanent loan modification as [...]
Divorce and Insurance: Who Gets What Affects Your Coverage Loretta Worters, Insurance Information Institute Whether you’re Eva Longoria and NBA star Tony Parker, Elizabeth Hurley and Arun Nayar, or Jane and John Doe, the transition through separation and divorce is not only emotionally difficult but also fiscally difficult, and insurance is part of that equation. [...]
Temporary Work for Fun, Profit, and Retirement By Eva Rosenberg, EA The most fun I’ve ever had working was doing temporary work. Between jobs, I updated my résumé, called up a couple of temp agencies, and pestered them each morning until they put me to work. The beauty of temp agencies is that you get [...]
You probably already have a financial plan in place that includes an asset-allocation strategy. This strategy helps you control your portfolio’s risk via an allocation among different asset classes. However, your portfolio won’t stay within that allocation by itself. Different investments earn different rates of return, and over time your allocation will become unbalanced. Thus, [...]
Happy Easter on the Ilyce Glink Show April 24, 2011 Lots happening this holiday week. With the Royal Wedding coming up this Friday, my good friend Linda Rey posted this timely information, Protect Your Big Day with Wedding Insurance on the Equifax Personal Finance Blog. Two billion people are expected to watch Price William and [...]
Jobs, Unemployment and the Spring/Summer Housing Forecast on the Ilyce Glink Show May 8, 2011 U.S. nonfarm payrolls jumped 244,000 in April, well ahead of expectations. But the official unemployment rate jumped from 8.8 percent to 9 percent. Why? More people came back into the jobs market. This week's jobs report was another good news/bad [...]
Q: My mother is about to turn 75. She took out a home equity loan years ago for about $33,000. At some point, the loan was converted by the bank from a home equity loan to a personal loan. Currently, she still has an approximate balance of $17,000. The problem is that Mom is on [...]
Q: My husband and I purchased our first home about six years ago. A short time after we closed, we noticed that the back yard would always flood no matter how little or how much rain fell. The flooding was never disclosed to us. It gets to the point where we have ducks swimming on [...]
