Retiree Co-Signing Mortgage Reader offers suggestions to retiree that won't put him on the hook for his daughter's debt Q: I am a faithful reader of your Real Estate Matters column every Sunday. I am moved to comment on your advice to the retiree who was trying to be a co-signer on his daughter's mortgage. [...]
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 [...]
Is now a good time to refinance? What homeowners need to understand about current interest rates to determine if refinancing is worth it. Interest rates have dropped, which is supposed to spur interest in buying a home and refinancing your mortgage. But I'm hearing from people who wonder if it is really worth their while [...]
Can lenders revoke a mortgage refinance if a relative takes her name off the title? When a co-borrower removes her their name from the title during the refinancing process, it can cause complications for the homeowner trying to get the loan. Q: Both my daughter and I are named on her mortgage loan and title [...]
Ilyce Glink Show on WSB Radio: Giving real estate and personal finance advice. From refinancing your mortgage to finding the right real estate agent to your investment choices and your every day decisions on money, you can rely on Ilyce to give you the best advice on real estate and personal finance. Whether you’re thinking [...]
Wondering if your lender allows mortgage prepayment? Most lenders today have stopped carrying out mortgage prepayment penalties. Q: You recently answered a question about a rental property owner deciding whether to refinance into a 15-year vs. a 30-year loan. I bought my house in 1976 for $70,000 with a 30-year loan where the mortgage payment [...]
Quit claim deed and mortgage responsibility don't go hand in hand. Getting your name off the mortgage is possible when refinancing. Q: I did an act of donation on my house to my ex-husband. He is going to give me a fixed payment once he refinances the home. Is there a way to get my [...]
Home improvement projects can be financed in different ways. The best options depend on if you want to refinance or use your savings. Q: I have about $30,000 in savings and want to finish my basement. Would it be best to use the cash I have in savings to pay for it or should I [...]
Refinancing a rental property or an upside down mortgage? Options for refinancing an underwater mortgage. Q: We received an invitation from a loan company to refinance a rental home we own. Our current lender is in partnership with this company. The interest rate on our current loan is 6.25 percent with about 22 years left [...]
If you don't want to refinance your mortgage for free, you may have to accept a higher interest rate. Q: I listen to your radio show frequently and wondered if you can offer advice on refinancing my home. My current lender does not offer any refinancing options for me. I have a credit score in [...]
