The credit crisis is making financial matters difficult for everyone. Foreclosure and unemployment rates are on the rise, banks are failing and lenders are requiring stricter guidelines and more documentation. Come here for updates on the credit crisis and advice for what you can do to improve your financial situation.
Americans spend more of their budget than they used to on mortgage and rent payments. The percentage of the family budget used for housing costs has become unmanageable for some families. How can families cut or increase their household budget to pay their rent or mortgage? Here are some tips for the family budget.
Today on the Ilyce Glink Show, Ilyce took calls from WSB listeners on Hank Paulson's request for $700 billion to bail out the bad mortgage debt that is causing the credit markets to freeze up. There were a number of callers who wanted to know who would go to jail and others who wanted reassurance this wouldn't happen again. She took calls on whether now was the best time to lock in a loan and whether iShares would have trouble with the Lehman collapse. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
Today on the Ilyce Glink Show, Ilyce talked about Integrity Bank, the Alpharetta, Ga.-based bank that failed on Friday. It was the 10th bank to fail this year. Regions Financial Corp has assumed the assets of Integrity Bank and all of its 5 branches will reopen on Tuesday as Regions Bank branches, according to the FDIC. Ilyce answered questions about CDs held by Integrity and also how to find out ratings information on banks. She also talked about the skyrocketing numbers of mortgage loan fraud that took place in the second quarter of the year, and answered questions on credit card debt charged up by an ex-spouse, whether it's a good idea to finance the purchase of a new car using a check from a credit card company, how to calculate the profit from the sale of a personal residence, whether "subject to" contracts are a good idea, whether a VA loan is better than a conventional mortgage and how to talk to a 93-year-old dad about his assets. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
This week on the Ilyce Glink Show, Ilyce talked about the Federal stimulus package, and the recession diet that many Americans are going on. Some folks are trading brand names for store names, and eating more pasta and less red meat. What are you doing to save money in this recession? Listen to the show, and then join the conversation at www.thinkglink.com/blog. Check out Ilyce's new all-video site, www.expertrealestatetips.net and be sure to subscribe to her YouTube channel.
Today on the Ilyce Glink Show, Ilyce shared her recipe for Turkey, stuffing, and all the trimmings that she makes every year. You can read the recipe at her website, www.thinkglink.com/blog. She also took calls about buying a first home, refinancing, and shared some observations about how the mortgage and credit crisis is starting to affect investors as well as lenders and homeowners.