.Covid is a trend accelerator, and in this third part of real estate trends, you'll see Covid and the Pandemic reflected everywhere. Read more about Real Estate Trends you’ll be seeing in 2022 and sign up for Ilyce Glink’s Love, Money + Real Estate newsletter for further real estate trends and insights. Last week, we covered [...]
Should I refinance my mortgage before retirement? This reader wants to know if they should take advantage of low interest rates even if they’re close to retiring and selling the home. Q: We borrowed $355,900 in 2007 for a 30-year fixed mortgage at 6.25% and still owe $230,000. My wife is retired, and I plan [...]
How to find the best lender for your mortgage refinance. This is what lenders are looking for and how to get the best deal on your mortgage refinance. Q: Is it possible for you to refer me to a mortgage lender? I'm a single woman who would like to refinance the condominium I’ve lived in [...]
How do you know if it’s worth it to refinance your mortgage? These homeowners want to know if they’re getting a good deal with their best offer. Q: When we bought our house, I read several of Ilyce's books and it not only empowered me to stand up to mortgage agents, it saved us tens [...]
Should I refinance to a 15 or 20 year mortgage? This reader wants to live mortgage-free and both refinanced term lengths offer significant interest savings. Q: We took out a mortgage in 2011. It’s a 30-year with an interest rate of 5.125 percent. Our expected payoff date is 2041, but we’ve been paying biweekly. We [...]
How do I get rid of PMI on my mortgage? What can you do if you don’t want to pay private mortgage insurance on your mortgage loan? Q: I appreciate your articles and landed on your site after reading your article on prepaying your mortgage. I have a question for you about mortgage loans, private [...]
Refinancing a HELOC loan after a divorce. This reader wants to know about refinancing a home equity line of credit to remove an ex-spouse's name. Q: I got divorced about four years ago. The deed to the house was, and is, in my name alone, and has been from the time we bought it. During [...]
Is a mortgage recast right for you? Consider these 4 factors for a “home run refinance” to determine if the deal is a good financial move. Q: I was offered a mortgage “recast” and I need help evaluating if it is a sound financial move. My home is worth $250,000 and I owe about $68,000 [...]
During a mortgage refinance, it's usually normal for your new lender to become the first mortgagee on your homeonwer's insurance policy before finalizing the refinance. Q: Should a mortgage broker or a lender name themselves as the first mortgagee on a homeowner’s insurance policy without first completing the underwriting process, appraisal and funding the loan [...]
While transferring interest in a home to refinance a loan is often straightforward, it's important to investigate the situation to avoid potential issues. Q: I own one-third of a property left by my mother's estate. My sister wishes to transfer her third to me, as she has no interest in the property and has not [...]
