Housing / Real Estate Questions

Pre-approved for a mortgage

My husband and I are starting to look for a New house. We were going to go to the bank..

Mortgage refinancing

I owe $112K at 4.5% interest. Am 66 y.o. still work full time. I add $300 to payment every month..

Refinancing ripoff?

I am 33 and purchased my first home September of 2018 for $173,000 FHA, interest rate 4.625% original loan amount..

home owners exemtion on a rental in cook county

is it legal to claim homeowners exemption on a rental in cook county A friend rents but taxes are so..

Income Stream and Home mortgages

Terry, My wife and I both carry $80k ROP that return in ten years. We also carry term policies 500k..

mortgage rates

I’m paying 8.5 %, on a 30 year fixed, because of some tax problems. I’ve recently cleared up the taxes,..

Home Refinancing for Kitchen and Bathroom Remodeling

My mortgage interest rate is 3.750. My FICA score is 731. I have less than $110.00 owed on one of..

Reverse mortgage considerations

Is it better to sell home after mortgage is paid off, or stay through old age and rely on a..

LLC for retirement property now rented?

Dear Terry , In 2015 my husband & I moved from Illinois to Tennessee. My mother back in Illinois needed..

mortgage refinance

Hi Terry, When does it make sense to refinance your mortgage? Is it a certain percentage lower, when you have..

Cook County Property Delinquent Tax

On my Cook County Property Tax bill I recently discovered a tiny message that says “Records indicate taxes for prior..

home appraisal

my home was just appraised at 25,000.00 less than it was a year ago. So who is right? The first..

Rental Property Mortgage

Hello Terry, I am a 65 year old woman with a duplex in an east coast beach community where I..

Home Equity loan pay off

Only owe $2700 on my home Equity loan. Should I pay off and keep open. Or pay off and close..

Refinance home in light of new income tax limits

We live in DuPage County Illinois and because of the high taxes here, were unable to claim all of our..

Changing title to house I inherited

My husband died last December, and left a will naming me as beneficiary. Our home (which is in his name)..

capital gains on sale of home

Hello, I’m 65 and own a home. If I sell my home to buy an RV to live in full..

Pre-pay Mortgage payments

I have no debt I have 9,000 ex. Money Should I pay 10 months of mortgage payments or just pay..

Buying investment property

I current own a home in NYC with NO mortgage valued at 650,000. I owe no money. But I do..

Is doing a reverse mortgage ok? I am 71 and need to do some repairs.

I was looking into getting a reverse mortgage look into some companies and found complaints with BBB.  Do you have..

money

ASK TERRY

a personal
finance question