Housing / Real Estate Questions

Reverse Mortgage — Don’t Look Back!

Parents have a RM however when taken out they failed to put in heirs in case of their demise only..

Right time to purchase investment property

Right time to purchase investment property or wait for a correction. With interest rate hikes coming, were do you see..

40l K withdrawal — costly?

We withdrew from our 401k accounts to purchase our condo free and clear of a mortgage. We are both over..

Mortgage payoff?

Hi Terry, My mother recently passed away and I received a lump sum of money. I am looking for advice..

Financial Suggestion

Is this a good time to invest in real estate (fix up a home and put it on the market)?

1st Time Home Buyer

Hi Terry, Our son, aged 31, wants to get out of his apartment and buy his first home. How does..

Pre-approved mortgage

Should I go get pre-approved before January 1 if I plan to buy a condo in 2022? Will it lock..

Home ownership

Sister-in-law and ex- are both on title of their Indiana home. Only he is on the mortgage. They have been..

retired but want to buy a rental property

We sold our business and are now retired. We have our money in stocks right now but were thinking of..

Buy a second home.

Hi like to a buy a second home. I have no mortgage payment on my first home. I like a..

Refinancing– but who do you trust?

I saw you said now is the time to refinance. I get advertisements every day promoting this! Are there any..

Refinancing for seniors

Should a retired senior on a fixed income consider refinancing a 4% mortgage or pay down the mortgage instead.

mortgage early payoff

I have 2.6 years left to pay down home mortgage. Should I pay it off with savings? (Approx $40K) Or..

Trying to pay off reverse morgage

Hi Terry I look forward to hearing you every Wed. on WGN. Ihave had a everse mortage for many years..

Is refinancing or paying the escrow shortage a good idea?

Hi Should I refinance or pay the escrow? I was just notified of a escrow shortage of $3043.25 due to..

Real estate

Terry I own a few multi-unit income properties (6 & 12 units) in suburban Illinois and I’m looking to purchase..

Short Term Loss Selling Condo

I live in Colorado and just bought a condo in Florida the end of Sept.   After being there, I..

Paying off home loan

Recently my mother passed and her ira account was split between myself and my brother … I was thinking of..

Home equity

I am a landlord of a rental property that I live in. I have excellent credit ranges from 750 to..

Improving FICO Scores Prior To Applying for a Mortgage – Credit Coaching?

Hi Terry – I listen to you on WGN and respect your advice. My son and his fiance are trying..

money

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