Housing / Real Estate Questions
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..
Heloc
Hi I have a $98,000 balance on a $100000 Heloc. Can I turn that into a fixed rate mortgage? Or..
second home mortgage
I want to purchase a second home in Florida (yes I know the market is very crazy down there). I..
American rescue plan act — Foreclosure Looms!
If you go to IHDA.org and search for 2021 homeowners assistance fund (HAF) you will find a vague stmt. saying..
Home buying assistance program.
Hello. I saw a while back your discussing a program to assist with buying a home. I can’t find information..
student loans and purchasing a home
1. I have close to $200,000 in student loans. They’re in good standing, deferment, with $0 monthly payments (IDR), and..