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 [...]
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 [...]
If you have zoning issues you might not be able to get a HARP refinance. Check your zoning codes before trying to get an appraisal. Q: I own a duplex building near Georgia Tech which is rented to students. It's not the classic duplex with two equal sides. It has an upstairs, downstairs, and a [...]
A look into the real estate history and changes that have taken place in the real estate industry in terms of buying and selling your home. For the past twenty years, we’ve been chronicling the developments in the real estate industry in this weekly column. Boy, have times changed. Twenty years ago, the Internet didn’t [...]
Trying to decide between a 30-year mortgage and a 15-year mortgage? Go with the 15-year mortgage to save money and be debt free. Q: I caught a portion of a response you made on your radio show about comparing a 30-year loan versus a 15-year loan. If I understood you correctly, the difference between these [...]
Ilyce Glink explains how to avoid foreclosure with a deed in lieu of foreclosure on today's Real Estate Minute. If you’re on time with your payments, but underwater with your mortgage, and your loan is owned by Fannie Mae (FNMA) and Freddie Mac, you may be able to walk away from your property without going [...]
Learn how to reduce monthly mortgage payments to save money on today's Real Estate Minute with Ilyce Glink. As a home owner you should always take the initiative to find low-risk ways to reduce your mortgage payments. By making one extra payment every year on your mortgage, you could substantially reduce your total payments. https://www.youtube.com/watch?v=moKqhd6eSEE [...]
Are you refinancing with a lien on your property? If you also have title insurance issues, you need to resolve them before you can refinance. Q: Our home has a lien on it from the Georgia Department of Revenue. The Department of Revenue gave us the go ahead to refinance our loan or get a [...]
Now is the best time to refinance and lower your mortgage interest rates. Make sure your lender is giving you the best interest rates out there. Q: My current lender contacted me with an offer to lower the interest rate on my mortgage. I'm hesitant because the deal just looked too good to be true. [...]
The average length of time for a refinance can vary if they don't have the right documents needed for a mortgage refinance. Q: My husband and I started a refinance late last year with an Internet lender and we are still going through the process. Now, our mortgage broker wants a letter about my husband's [...]
