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..

money

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