Housing / Real Estate Questions
Payoff my new mortgage or use mortgage money to invest and pay down mortgage?
I just sold my house for $333K and purchased a new condo for $310K. My new mortgage is $248K at..
Overdrawn escrow &; mortgage payment
I really messed up & didn’t pay attention to a huge property tax increase last year. My mortgage company has..
paying off a home mortgage early
I have a 15 yr mortgage that I’d like to get a rough estimate of what I might have to..
Selling a investment property 3 flat that I own for retirement.
Hello Terry, My wife and I own an investment property 3 flat near Wrigley Field. We’ve owned it for 45..
Reverse mortgage
We are 76 and our house is paid off. What do you think of reverse mortgage? We have credit cards..
Mortgage escrow
New company requires min escrow balance of $4500, is this legal since we did not agree to it?
Pay down 3% mortgage?
We have a 30 year fixed mortgage of $270,000 @3.125%. We have only been in our home 2 years after..
Paying down mortgage principal vs investing
Hi Terry, I’ve heard your answer to this question before. I’m 69 years old. Let’s assume a mortgage rate of..
Best way to finance a large home improvment project
Hello! We are looking at adding a 3 season room on to our home. We have wanted to do this..
Mortgage Interest Rates
Hello! Our current mortgage has a 5.125% interest rate. We’re looking to sell…but rates are 7%+. What should be the..
Divorce in Illinois — house/mortgage?
My daughter is going through a divorce and needs to refinance her house. Her present mortgage is 3.5% and current..
Home loan interest rate
What is the current interest rate for a home loan. My grandson is 31 and is looking to buy his..
Mortgage
Is it best to pay off a home mortgage early or continue to pay a 30yr term?
HELOC or Home Equity Loan
Good afternoon I live in GA and have a couple of questions please. I’m trying to get renovations done on..
Need cash for home repairs
Hi, i need about 5k to 10k for some home improvements. House is paid off. Is it best to withdraw..
High interest Home line of credit
Two years ago, I took out $100,000 line of credit from a Bank at variable rate tied Fed rate. It..
Mortgage payoff
Terry, we have lived in our home for 19 years. We are in our 80’s. My question, our balance on..
Mortgage Rates
Hi Terry, we’ve just begun a VA cash out refi application and haven’t locked in a rate. Under the current..
Transfer Home to Kids
We own a home in Indiana. What is the easiest way to transfer ownership to our kids? Is there a..
reverse mortgage
So Terry. Im confused about reverse mortgages. Since I am elderly and interested in a little more income, can I..