Ilyce Glink is the author of ten books, including the bestselling 100 Questions Every First-Time Home Buyer Should Ask. Her nationally syndicated column, "Real Estate Matters," appears in more than 125 newspapers and Web sites, and her online "Ask Ilyce" columns are read by hundreds of thousands of people every month. She is a top-rated radio host on WSB Radio in Atlanta, the Home Equity blogger at CBS MoneyWatch.com, host of the Internet program "Expert Real Estate Tips," managing editor of the Equifax Personal Finance Blog, and publisher of ThinkGlink.com.
Getting Rid of Debt before Buying a Home Got debt? It’s going to be tougher to get a mortgage. The reality of the new world of mortgage finance is that lenders don’t really want to lend money unless it’s a sure thing. What it boils…
How to Think about Debt When Buying a Home Michelle sent me the following question: I am currently reading your book 100 Questions Every First-Time Home Buyer Should Ask because my husband and I are hopefully buying a home within the next year. It is…
Strategic Default: The Consequences of Not Paying Your Mortgage When companies take on more debt than they can afford, they typically walk away from some of it to better balance income and expenses. Walking away from certain debts in order to shore up your balance…
A HUD home is nothing more than a house that was purchased with an FHA loan that has since fallen into foreclosure. (I’m not sure why these homes aren’t called “FHA foreclosures,” which would be more intuitive for home buyers and investors, but the Department…
Buying a New Home? Here Are 5 Things Your Builder Won’t Tell You There are plenty of new homes to buy these days. In fact, depending on the city where you live, there may be years’ worth of new homes for sale. Many developers have…
Reverse Mortgages: What’s New If you’re a senior age 62 or older, you’ve probably heard the term “reverse mortgage.” You may even have seen an ad featuring celebrated actor James Garner speaking on behalf of Financial Freedom, a reverse mortgage lender. Simply, reverse mortgages allow…