thinkglinkweb

An adjustable rate mortgage with a cap is an excellent option for homeowners looking to refinance. Adjustable rate loans typically have yearly caps and always have a lifetime cap. When refinancing your mortgage loan there are many loans to choose from, especially with today's historically low interest rates. Consider interest rates, how long you plan on staying in your home and if you could afford the worst-case scenario when looking at refinancing your loan. Caps on an adjustable rate mortgage can be the deciding factor in refinancing a loan.

If you're drowning in loan payments and in jeopardy of losing your house there are a lot of different options for trying to save the house or walking away from it. However, when your debt-to-income ratio is too high there isn't much help available. Possible options include short sale, giving the home back to the lender in a deed-in-lieu of foreclosure, walking away from the home in a strategic default move, or filing for bankruptcy to protect what you do have. While refinancing may be an option to lower your interest rate, you may be unable to refinance your loan during the current home loan crisis.

If you’re having trouble selling your home but need money to cover the property’s expenses, you can consider opting for a home lease purchase instead. Real estate attorney Samuel J. Tamkin answers a reader’s question about the difference between leasing a home and selling it. Leasing a home makes the seller the landlord, and gives him or her new obligations. For the renter, a home lease purchase also allows them to have a home and work toward owning it. Be sure you know what you’re bargaining for before you sign the paperwork.

It is hard enough dealing with the loss of a family member, but in addition to the grief surviving family members are often left to deal with property they've inherited. There is a lot to consider when dealing with inherited property. The value of the property, capital gains tax, selling the property, potential tax gain and 1031 exchanges are all components of handling an inherited property. Real estate lawyer Samuel Tamkin answers whether or not you are likely to be taxed on the price of the property at the time of death or at the time of sale.

According to the Independent Community Bankers of America (ICBA), there is a very large number of Americans who have fallen prey to scam artists who promise them offers of foreclosure or refinancing assistance. Some fraudulent companies may promise to help avoid foreclosure or refinance your mortgage to a lower rate. It is vital that people recognize these scams and frauds relating to foreclosures and refinancing and that they prevent the fraud before they happen.

A divorce can just complicate the sale of a home. If both spouses have different plans or ideas for the selling of their real estate, it may take a lawyer to smooth things out. Options like deciding whether to put a for sale sign or whether to reduce the price to make the home sell more quickly may complicate the sale of a home. Being well informed about the laws regarding divorce and real estate can make the sale of your home easier and faster.

If you have a property settlement, how can you ensure that your wishes are carried out after you die? The answer- it depends on the conditions of the settlement. If you are in any agreement, it is always a good idea to know the conditions of it very well to avoid any confusion that may occur in the future.

Looking to make-over your kitchen? If you are, then you should definitely read these 4 simple tips for a great kitchen remodel. Following these tips will help you craft a kitchen you love to use rather than a kitchen that is frustrating to use.

Is there another recession coming? Will we see another dip in the economy? After three straight months of improving conditions, the Architecture Billings Index (ABI) fell nearly three points. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. Does this mean the start of another recession? There are plenty of folks in the real estate world who are worried about another drag on the economy.

A reader has a question about creating a Roth IRA from a 401(k). Can you pay the taxes of the Roth IRA with investment property carry over losses? Ilyce Glink gives advice regarding Roth IRAs and 401(k)s and whether converting your 401(k) to a Roth IRA makes sense financially.