Finance Blog
Mortgage Interest Rate Update: Are We at the Bottom?
Written by Ilyce Glink on October 1, 2010
1 comment
Mortgage Interest Rate Update: Are We at the Bottom? In 2009, my 5/1 adjustable-rate mortgage went into its seventh year, and the interest rate dropped to 3.35 percent. I thought that was fairly amazing. When I bought my first home (a co-op on Lake Shore…
Renting vs. Owning Property: How to Make the Call?
Written by Ilyce Glink on September 24, 2010
5 comments
Renting vs. Owning Property: How to Make the Call? According to a recent Rent.com survey, 69 percent of families have moved at least one time during their children’s life. Eighteen percent have moved at least three times. When it comes to households, two things have…
Should I Refinance Now?
Written by Ilyce Glink on September 17, 2010
6 comments
Should I Refinance Now? Last November, when mortgage interest rates hit 4.25 percent for a 15-year fixed, my husband, Sam, and I hit the refinance button. We were seven or eight years into our 5/1 adjustable rate mortgage (ARM), which had recently reset to about…
Is It Worth It to Appeal Your Property Taxes?
Written by Ilyce Glink on September 10, 2010
6 comments
Is It Worth It to Appeal Your Property Taxes? A few weeks ago, I got a call from Dan, who was listening to my radio show. He lives in the Atlanta metropolitan area, and his property value has dropped significantly over the past few years….
Want to Buy a New House? Beware Developers Hawking Empty Subdivisions
Written by Ilyce Glink on September 3, 2010
3 comments
Want to Buy a New House? Beware Developers Hawking Empty Subdivisions If you’ve been dreaming of living in a brand-new home that no one else has ever lived in, you’re in luck. Due to the fallout from the Great Recession, including the bursting of an…
Why Mortgage Lenders Pull Your Credit History Twice
Written by Ilyce Glink on August 27, 2010
5 comments
Last year, I found myself shopping at a major retailer. The store was having a great sale, and I found a fair number of clothes that fit me, all at an excellent price. When I was checking out, the cashier offered me a big discount…
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